Comfort Suites Marysville / Yuba City, CA
1034 N. Beale Rd, Marysville, California, 95901, United States
Price: Not Available
7
Sold
| 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.
