White House – Napa Valley inn
investment opportunity | 17 rooms | downtown napa
Located in Downtown Napa, the White House Inn is a luxurious, renovated, 17-room inn with a generous use permit. The Property is located an Opportunity Zone, yet is in a high-value, prime location.
Set within biking and walking distance to many award-winning restaurants, world-class shopping and dining, this historic property blends modern amenities with all of the features that make older homes a treasured possession, such as high ceilings, hardwood floors, custom millwork and moldings.
The interior includes 17 guest rooms (average of $353 per night) and have a 98% occupancy rate on weekends. The amenities include: an open dining room/lounge with a fireplace and crystal chandeliers, manager’s quarters, a wine cellar and two spa treatment rooms. The exterior has a pool and spa as a centerpiece, lush professional landscaping and an irrigation well, a two car garage, 17 parking spaces and multiple grand outdoor gathering areas.
An extensive, $1.5 million renovation was competed in 2016. Designed by the Getty Group, the renovation updated all the bathrooms, the balcony area and all of the interior and exterior spaces, including the pool and event space.
The White House Inn is one of a limited number of downtown area inns permitted to host weddings. The Property has two ABC licenses and a unique events permit that allows for up to 30 events per year and outdoor amplified music until 9 p.m. The opportunity to increase events related income adds significant investment value and potential (proforma cap rate exceeds 9% based on the $10,500,000 asking price).
Overview
APN 005- 191-003
Lot Size –.84 acres
Room Breakdown
· 17 Rooms
5 Standard King
3 King Deluxe
3 Queen
2 King Deluxe with day bed
2 King Balcony
1 King ADA
1 King Suite
Manager residence
· Spa
2 treatment rooms
Guest bath
Infrastructure
Wine Cellar
Ample storage
2 car garage
Well for irrigation
City sewer
City water
Commercial kitchen
Septic system
Entertainment Spaces
Breakfast area
Dining area
Event space
Pool and spa
Outdoor patios
Fire pits
Permits
Two ABC licenses
Off sale beer and wine
Special on-sale wine license
Special events
72 guests including hotel occupancy
Amplified music outside until 9 PM
30 events per year
Pool permit
Permit to host events
Accessibility
Highways
CA State Route 121
Highway 29
I-80
Nearby Cities
Yountville - 11 miles
St. Helena - 20 miles
Calistoga - 30 miles
Sonoma Square - 13 miles
Airports
Napa County Airport - 6 miles
San Francisco International Airport - 53 miles
Sacramento Airport - 63 miles