Garden Street Inn Garden Street San Luis Obispo, California 93401

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Garden Street Inn 1212 Garden Street San Luis Obispo, California 93401 Located in the heart of downtown San Luis Obispo on the Central California Coast, The Garden Street Inn is just steps from all

1 Garden Street Inn 1212 Garden Street San Luis Obispo, California Located in the heart of downtown San Luis Obispo on the Central California Coast, The Garden Street Inn is just steps from all the sights, sounds, shopping and history of vintage San Luis Obispo. Classic decor reflects Victorian charm in the 9 guest rooms and 4 suites of this San Luis Obispo bed and breakfast inn - all with private baths, appointed with antiques, fireplaces or jacuzzi tubs and historical, cultural and personal memorabilia. With spacious outside decks, a well-stocked Goldtree Library and well appointed Bed and Breakfast accommodations. Price: $2,995,000 APN: Units 0.16 Acres / 7,000 sf WEB: WESTERNHOTELBROKERS.COM 1

2 PROPERTY OVERVIEW WEB: WESTERNHOTELBROKERS.COM 2

3 PROPERTY OVERVIEW WEB: WESTERNHOTELBROKERS.COM 3

4 PROPERTY OVERVIEW WEB: WESTERNHOTELBROKERS.COM 4

5 PROPERTY OVERVIEW Each guest accommodation is tastefully decorated with beautiful wall coverings, fabrics and original antiques. All rooms feature armoires, spacious private baths and queen size beds. All suites feature a 27 flat screen television. Standard rooms do not have televisions. The Inn welcomes well behaved furry friends in select rooms, with a maximum of two dogs per room. The Parlor, names the McCaffrey Morning Room named for Elizabeth and Patrick McCaffrey who purchased the home in 1898, is a sunny room and the setting for a scrumptious gourmet breakfast featuring historic inn recipes. The Goldtree Library, named for Helena and Morris Goldtree who built the house in 1887, is well stocked and a relaxing place for conversation as well as quiet reading time. Our rooms carry very special names: Emerald Isle: Decorated with Shamrocks and Lily of the Valley decor. Valley of the Moon: Captures the spirit of the West with warm shades of tan, rust and green. Walden: Thoreau s beauty of nature with green of the forest, leaves of tan and serenity of blue shining waters. Edelweiss: The Sound of Music comes alive within this Austrian themed room Field of Dreams: Hear the crowds cheering as you delight in memorabilia of the sporting world of yesteryear. Cocoon: Butterflies soar freely around a classic fireplace to warm your evening. Amadeus: Elegant rose wall covering and decor are reminiscent of Mozart s 18th century era Ah Louis: He made history for the Chinese on the Central Coast. The room is decorated with oriental splendor in rich tones of red, gold and black Our Town: Picturesque views can be savored above our town with mountains beyond. The Suites are special too: Close to Home: Classic warmth in blue and mauve The Lovers: Romatic hues of an English Garden surround a Picasso print, The Lovers. Concours d Elegance: A cozy cast-iron stove and shades of burgundy, tan and red. Dollie McKeen: The owner of the dwelling from 1923 to 1965, Dollie s spirit lives on in gold, lavender and black, with floral and tweed decor around an ornate antique fireplace. WEB: WESTERNHOTELBROKERS.COM 5

6 REVIEWS WEB: WESTERNHOTELBROKERS.COM 6

7 210 MADONNA ROAD SAN LUIS OBISPO, CALIFORNIA WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 7

SAN LUIS OBISPO, CALIFORNIA Named the "happiest city in America," San Luis Obispo is your hub for bustling farmers' markets, craft breweries, local wineries, and award-winning eateries.

8 SAN LUIS OBISPO, CALIFORNIA Named the "happiest city in America," San Luis Obispo is your hub for bustling farmers' markets, craft breweries, local wineries, and award-winning eateries. San Luis Obispo is home to the world-famous Market, Cal Poly University, Mission San Luis Bubblegum Alley. SLO, as the locals call it, is downtown filled with boutiques, cafes, restaurants Thursday Night Farmers Obispo de Tolosa, and anchored by a charming and entertainment WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 8

9 THINGS TO DO IN SAN LUIS OBISPO Hiking Kayaking Golf Courses Bird Watching Wine Tasting Breweries Museums Kayaking / Boating Bishop Peak Bubblegum Alley Botanical Garden Shopping WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 9

10 SITE MAP WEB: WESTERNHOTELBROKERS.COM 10

11 ADR, OCC & RR Garden Street Inn - San Luis Obispo ADR OCC Revenue ADR OCC Revenue ADR OCC Revenue ($) (%) ($) ($) (%) ($) ($) (%) ($) January $131 46% $24,044 $147 35% $20,830 $151 35% $19,055 February $131 55% $26,166 $157 48% $28,598 $156 48% $25,088 March $131 61% $32,302 $151 55% $33,268 $154 55% $34,546 April $143 57% $31,651 $161 54% $34,019 $163 54% $36,774 May $157 52% $33,079 $173 45% $31,570 $161 45% $32,091 June $174 58% $38,888 $187 48% $34,716 $189 48% $35,126 July $172 62% $42,986 $182 62% $45,022 $188 62% $41,958 August $173 60% $41,831 $183 43% $31,711 $188 43% $30,000 September $154 54% $32,747 $154 61% $36,332 $173 61% $34,967 October $152 57% $35,457 $159 58% $37,148 $161 58% $29,467 November $147 51% $29,185 $154 44% $26,023 $153 44% $27,223 December $146 43% $25,422 $152 40% $24,091 $153 40% $24,034 $151 55% $393,759 $163 49% $383,327 $166 49% $370,329 WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 11

12 P&L ORDINARY INCOME / EXPENSE INCOME $387, $395, $408, COST OF GOODS SOLD LINENS AND LODGING SUPPLIES $3, $5, $6, FOOD & BEVERAGE $13, $13, $14, GUEST SUPPLIES $1, $ $ LAUNDRY EXPENSES $21, $22, $17, TOTAL COG $40, $42, $39, GROSS PROFIT $346, $353, $368, EXPENSE ADVERTISING AND PROMOTION $1, $4, $ BANK & CREDIT CARD FEES $14, $14, $18, CHARITABLE DONATION $ $0.00 $ COMMISSION - TRAVEL AGENTS $15, $15, $12, DUES & SUBSCRIPTIONS $2, $2, $1, $33, $37, $32, INSURANCE EXPENSE LIABILITY INSURANCE $3, $3, $2, WORKER'S COMPENSATION $10, $11, $10, TOTAL INSURANCE EXPENSE $14, $14, $13, INTERNET $ $ $ LICENSES & FEES $ $ $ OFFICE EXPENSES $ $ $ PARKING VIOLATIONS $6, $6, $5, SALARIES & WAGES $126, $119, $114, PAYROLL TAXES $12, $12, $12, PEST CONTROL $ $1, $1, PROFESSIONAL FEES $6, $4, $3, REPAIRS & MAINTENANCE $7, $16, $18, SECURITY $ $ $ PROPERTY TAX $16, $15, $14, $180, $176, $171, UTILITIES ELECTRIC $7, $6, $7, GARBAGE $1, $1, $1, GAS $1, $1, $1, TV & INTERNET $5, $5, $5, WATER $6, $6, $6, TOTAL UTILITIES $22, $21, $22, TOTAL EXPENSE $250, $250, $240, NET ORDINARY INCOME* $96, $102, $128, *Summary: No Depreciation, No Bed Tax WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 12

13 CONFIDENTIALITY AND DISCLOSURE STATEMENT THIS CONFIDENTIAL PROPERTY INFORMATION PACKAGE (Package) is intended solely for your own limited use in considering the pursuit of negotiations to this property, and is not intended to be an offer for the sale of the Property. Western Hotel Brokers, has prepared this confidential Package, which contains brief, selected information pertaining to the business and affairs of the Property. Any information contained herein is obtained from sources considered reliable. However, neither the Owner of the Property nor Western Hotel Brokers purport this Package to be all inclusive or to contain all the information a prospective purchaser may desire. In addition, neither the Owner nor Western Hotel Brokers is responsible for any misstatement of facts, errors, omissions, prior sale, withdrawal from market, or change in terms, conditions or price without notice. The information supplied herein is for informational purposes only and neither the Owner, nor Western Hotel Brokers, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential Package or its contents, and no legal liability is assumed or implied with respect thereto. Any person or firm intending to rely upon the information herein should verify said information independently. By acknowledgment of your receipt of this Package, you agree that: its contents are confidential; you will hold and treat it in the strictest of confidence; you will not, directly or indirectly, disclose or permit anyone else to disclose this Package or its contents to any person, firm, or entity without prior written authorization of Western Hotel Brokers; you will not use or permit this Package or its contents to be used in any fashion or manner detrimental to the interest of the Owner of the Property. PHOTOCOPYING OR OTHER DUPLICATION OF ANY PART OF THIS PACKAGE IS STRICTLY PROHIBITED. THE OWNER OF THE PROPERTY EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE. THIS PACKAGE SHALL NOT BE DEEMED A REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY NOR CONSTITUTES AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS PACKAGE. THE PROPERTY WILL BE SOLD ON AN AS IS, WHERE IS BASIS WITHOUT REPRESENTATION OR WARRANTY. If you do not wish to pursue negotiations leading to the acquisition of this Property, or if you discontinue such negotiations, you agree to return this confidential Package to Western Hotel Brokers. If you do not agree to abide by the terms stipulated in this Statement, please return this Package to Western Hotel Brokers prior to your review of the information contained herein. WESTERN HOTEL BROKERS WEB: WESTERNHOTELBROKERS.COM 13

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