Park Inn & Suites - Fresno, CA Hotel for Sale
3737 N. Blackstone Avenue, Fresno, California, 93726, United States
Price: Not Available
14
Sold
| 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.
