World’s first motel site in California listed for sale after 101 years
The site of the world's first motel, located in San Luis Obispo, California, has been listed for sale after 101 years. The property is being marketed as a development opportunity for hospitality, assisted living, or residential housing.
Why it matters
The sale marks the potential end of a historic landmark and reflects current real estate development trends in California.
The birthplace of modern road-trip culture is back on the market, giving buyers the chance to restore a landmark of hospitality history or redevelop it into housing for older residents.Located along Highway 101 in San Luis Obispo on California's Central Coast, the historic 4.2-acre site where the world's first motel opened in 1925 is up for sale for the first time in nearly a decade.Local developers CoVelop and Rossi Enterprises, who bought the property in 2017, have listed it for sale through Hayes Commercial Group. SFGATE reported on Friday that the listing does not include a fixed asking price, reflecting the different development options available to potential buyers.Flexible choices for developersThe property is being offered as a shovel-ready site with existing city approvals for an 83-room hotel with a swimming pool.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in