Lodging Brokers Network is proud to exclusively offer for sale the charming Grass Valley Courtyard Suites, a boutique hotel ideally located just one block from historic downtown Grass Valley—the cultural center of Nevada County and the heart of California's Gold Country.
The hotel features 47 well-appointed guestrooms and suites, including 15 with full kitchens or kitchenettes, making it well suited for both short- and extended-stay guests. Amenities include approximately 3,000 square feet of distinctive indoor and outdoor event space, a heated swimming pool, hot tub, sauna, fitness center, lounge, bar, and two onsite employee units. Guests enjoy a complimentary daily breakfast and evening wine and hors d'oeuvres reception as well as BBQ and picnic areas, and onsite laundry facilities. Originally opened in 2002, the property has benefited from several additions and renovations over the years, including a ground-up guestroom expansion completed in 2021.
Located approximately one hour from Sacramento, Grass Valley is a vibrant Gold Rush-era town known for its historic charm, thriving arts scene, award-winning restaurants, wine tasting rooms, boutique shopping, galleries, theaters, and live entertainment. Many century-old businesses continue to operate in the downtown district, preserving the town's rich heritage. The surrounding Gold Country offers an abundance of outdoor recreation, including historic parks and mining sites, mountain biking, hiking, kayaking, and the crystal-clear waters of the Yuba River, renowned for its scenic swimming holes. The property also benefits from convenient access to Northern California's premier ski resorts.
This rare opportunity provides both an attractive return with a 9.7% cap rate on the 2025 adjusted net operating income, as well as upside opportunities including potentially increased revenue through implementing a revenue management program or a minor refresh on some of the guestrooms that have not been updated as recently. The property is currently operated by a manager and full staff, providing investors with a stable, turnkey operation and the flexibility of hands-off ownership.
Contact Kathryn Proctor at 415-606-4587 or Kathryn@LodgingBrokersNetwork.com for more information. Do NOT contact manager or employees. All tours are by appointment only and are only made by Listing Broker, Kathryn Proctor.
For more information, please download, complete, and return the Confidentiality Agreement.
Kathryn Proctor
Lodging Brokers Network
