69-Key Monterey Hotel Hits the Market for $17MM

The Monterey Hotel, a 69-room historic boutique property located at 407 Calle Principal in Monterey, has been listed for sale at $17 million, or approximately $246,000 per room. The 39,096-square-foot hotel spans 0.41 acres on one of the busiest streets in downtown Monterey.  Sperry Commercial, managing the sale on behalf of ownership, notes that the […]