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Park Inn & Suites - Fresno, CA Hotel for Sale

3737 N. Blackstone Avenue, Fresno, California, 93726, United States Price: Not Available
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    14
    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: Hotel
    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.

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