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Comfort Suites Marysville / Yuba City, CA

1034 N. Beale Rd, Marysville, California, 95901, United States Price: Not Available
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    7
    Sold
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    Seller’s Broker
    Joel W. Hiser - DRE 00843789
    jhiser@htlha.com
    415-925-8801
    415-722-2535
    Broker profile
    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.

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