Hotels For Sale
Newly renovated Southern California hotel with excellent interstate freeway location available for sale. SBA 80% loan available.
Seller’s Broker: Joel W. Hiser - DRE 00843789
Price: $6,900,000 or $42,000 per room
Major upside in a market where the comp set is performing at 77% occupancy and $110 ADR on a Trailing-12 basis.
Opened in 1984 this Hotel currently features 164 guestrooms located in two guestroom buildings; a four-story interior corridor building and a two-story exterior corridor building. The two guestroom buildings are both adjacent to a one-story commercial building. The Property is in good condition. Property features include an outdoor swimming pool with a large sundeck, an exercise suite, a restaurant and lounge, seven guestroom suites and meeting facilities. As part of the continued upgrades, maintenance and improvements performed at the Hotel, all kitchen cooking equipment has been replaced within the past several years. Two meeting rooms and two boardrooms are available offering almost 5,000 square feet of meeting space.
Price: Call hotel Broker for Details
The existing hotel has 90 rooms with excellent upside potential in management & branding possible with extra land to develop more amenities. It should be noted that the Hotel was built in 1964 and is an exterior corridor building. The hotel sits on approximately 3 acres of land.