The Coachman Hotel

CL Hotels, a sponsor of hospitality investments, recently announced that it has closed the acquisition of Coachman Hotel, a 104-room boutique property, located in South Lake Tahoe - California, a year-round ski and lake-side beach destination that attracts more than 15 million tourists every year.

The first investments that CL Hotels plans to do in the Coachman include the remodeling of 22 rooms to be added to the 82 recently renovated and the expansion of the meeting space, adding 900 sf to the actual 800 sf available - boosting property capacity to host larger groups for companies off-sites and retreats. Besides, CL Hotels also plans to open an F&B outlet that will offer a variety of contemporary options, and grab-and-go.

The Coachman is a charming boutique hotel, newly renovated, located only a 5-minutes' walk from the Heavenly Mountain ski gondola, where winter visitors can access 97 trails and 4,800 skiable acres. During summer, guests can enjoy a wide variety of outdoor activities like hiking, biking, gliding, climbing walls, rope courses, among others. There is also a private lakeside beach that is a short walk from the hotel, where guests can relax or enjoy water sports. Coachman has a cozy atmosphere with a nice outdoor area, where visitors can relax and have drinks & smores by the fire pit.

About CL Hotels

CL Hotels is a sponsor of hospitality investments, focused primarily on cash flow generating projects in the continental U.S. Through its vast network of brokers, operators, partners, and industry peers, CL Hotels selects top properties which can benefit from the strategy, capital and asset management skills of its team. CL Hotels and its principals have acquired, renovated, managed and disposed of a portfolio of hotels with + 3,200 rooms and asset value of + US$ 640 million.