Historic property in the Central Coast city of San Luis Obispo, California, is up for sale for the first time in a generation. The original Milestone Mo-Tel, later renamed the Motel Inn, opened in 1925 and is widely recognized as the birthplace of the modern motel. The 4.21-acre parcel is being offered by Hayes Commercial Group without a public price. The site, which is listed on the City of San Luis Obisposo’s Historic Preservation List, is fully eligible for an 83-room boutique getaway featuring 27 guest buildings, a pool, and a new sound wall.