Park Inn & Suites - Fresno, CA Hotel for Sale

3737 N. Blackstone Avenue, Fresno, California, 93726, United States Price: Not Available
14
Sold
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Seller’s Broker
Joel W. Hiser - DRE 00843789
Location: Major City Thoroughfare
Number of Rooms: 204
Meeting Space: 5,200 sq. ft.
Year built: 1972
Corridors: Interior with Connecting Pathways
Parking: Surface Lot
Parking Spaces: 371
Number of Buildings: Multiple
Amenities: Outdoor pool with spa, fitness room, business center, and currently closed restaurant, lounge and meeting space.
For Period Ending: 9/30/16
Occupancy: 28.8%
Average Daily Rate: $67.30
Financing: SBA Loan Assumable
Leasehold or Fee Simple: Fee Simple
Franchise: Independent
Status Sold

This former Park Inn & Suites, located in the business corridor of Fresno, was being operated as an independent hotel prior to the sale in December, 2016. The new owners plan to renovate and reposition the Property.

Built in 1972, the Hotel originally operated as a full service, 210-room Four Points by Sheraton but currently features only 201 spacious guest rooms, including 6 suites. The Property is situated on approximately 7-acres and has a freestanding-restaurant, lounge and meeting facility that is currently closed but could be sold, leased or operated by a new owner. The Property offers an outdoor swimming pool with whirlpool, fitness room and spacious lobby with a business center.