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Benzinga
Benzinga
Business
Daniel Sternberg

Fractional Investment Opportunity Available In This Iconic Santa Monica Hotel With A 20% Target Annualized Return

Santa Monica Target California

Real estate investing platform CrowdStreet is releasing its latest offering today for a hotel renovation project that is located in the historically hot real estate market of Santa Monica, California. With a minimum investment of just $25,000, investors can be a part of this $26 million project that has an expected internal rate of return (IRR) of 20%.

Investment Highlights: Known since 1933 as Santa Monica’s First Lady, the Georgian Hotel is one of the most recognizable and iconic landmarks in Santa Monica because of its Art Deco design and prominent location along Ocean Ave. As a result, the property possesses a reputation as part of Santa Monica’s most historic and exclusive hotels. Thus, the renovations will position the iconic property as a staple, iconic lodging destination for a long time to come.

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