Sold Comfort Suites Marysville / Yuba City, CA
1034 N. Beale Rd, Marysville, California, 95901, United States
Price: Not Available
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7Sold
Seller’s BrokerJoel W. Hiser - DRE 00843789Type: 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 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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