Comfort Suites Marysville / Yuba City, CA

N. Beale Rd, Marysville, California, 95901, United States Price: Not Available
7
Sold
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Seller’s Broker
Joel W. Hiser - DRE 00843789
Type: Limited Service Suite Hotel
Location: The CA Highway 70 location just north of the Highway 65/70 merger point affords the Property easy access from the high growth area of Roseville/Sacramento and the nearby Beale Air Force Base.
Number of Rooms: 65 with expansion potential
Meeting Space: 2 Small Meeting Rooms
Year built: 2006
Corridors: Interior
Parking: Surface lot
Parking Spaces: 70
Number of Buildings: 1
Amenities: Indoor Pool, Fitness Room, Business Center and Guest Marketplace
For Period Ending: February, 2017
Occupancy: 78%
Average Daily Rate: $85.28
Financing: $4 million loan assumable or new SBA loan available
Leasehold or Fee Simple: Fee Simple
Franchise: Comfort Suites
Status Sold

This 11-year old, interior corridor, three story, Comfort Suites is located in a strong performing hotel market with no new hotel development proposed. It has excellent value creation potential by means of a PIP renovation. The location is near Beale Air Force Base, a large outdoor amphitheater, casino (under development) and 35 miles north of Sacramento, CA.

This Property has excellent upside potential in ADR by implementing a revenue management system and completion of the franchise required renovation.. The Property also affords new ownership with renovation, expansion and re-branding opportunity as a Holiday Inn Express & Suites or several other brands.