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9920 Valley Blvd El Monte CA 91731

Updated: May 20


141 KEYS 2017 HOLIDAY INN

CA HOTEL SELLING AT A LOSS - FROM $45M


ASKING PRICE TO $29.9M!! FIRM 3% BUYERS FEES

THE OFFERING Building Size: 96,000 SF    

No. Rooms: 141 No. Stories: 4   

Price Per Room: $212,057     Average Daily Rate: $180.00    

Sale Type: Investment      Property Type: Hospitality   

Property: Subtype Hotel    Year Built: 2017    

Building Class: B         Tenancy: Single    

Lot Size: 3.21 AC         Parking Ratio: 1.75/1,000 SF INVESTMENT HIGHLIGHTS This is a 96,000 SF Hospitality Building offered at $29,900,000 in El Monte, CA Low density Luxury Brand Hotel with 141 guest rooms. This is a full service hotel with restaurant, banquet room, conference room, fitness center, swimming pool, laundry room and large parking lot with 168 spaces. Large luxury lobby on ground floor. 2-min drive to I-10 freeway, 20-min drive to downtown, and 50-min drive to LAX Airport. EXECUTIVE SUMMARY Will accept payment in China with CNY. Due to the new coronavirus impact, We are now selling at loss for USD 29,900,000 instead of the original price of USD 45,000,000. IMPORTANT: Need to close escrow before 5/30/2020 Property real estate valve 50 million. (Income information use for reference only) The property cost 42 million. Property estimate value 41 million. Franchised hotel located in Los Angeles County in the City of El Monte for sale. This low-density luxury brand hotel has 141 guest rooms with a large luxury lobby on the ground floor, Owner suite and office on the 2nd floor. The property is a full-service hotel with a restaurant, banquet room, conference room, fitness center, swimming pool, laundry room and a large parking lot with 168 parking spaces.

It's a 2-min drive to I-10 freeway, 20-min drive to downtown, and 50-min drive to LAX airport. Access and showing by appointment only AMENITIES Air Conditioning   

Balcony   

Conferencing

Facility Fitness Center   

Laundry

Facilities   

Pool   

Restaurant TRANSPORTATION - COMMUTER RAIL El Monte Commuter Rail (San Bernardino Line) 5 min drive  1.5 mi Baldwin Park Commuter Rail (San Bernardino Line) 13 min drive           7.3 mi AIRPORT Bob Hope Airport 37 min drive           26.3 mi Long Beach-Daugherty Field Airport 37 min drive           27.1 mi Los Angeles International Airport 40 min drive           28.5 mi PROPERTY TAXES Parcel Number       8578-001-023       

Improvements Assessment      $21,234,972 (2019) Land Assessment  $7,967,151 (2019)            T

otal Assessment $29,202,123 (2019) Zoning Code            C4


ADDITIONAL INFORMATION IS AVAILABLE TO QUALIFIED BUYERS ONLY ! ASSET IS DELIVERABLE WHILE IT'S AVAILABLE IMPORTANT: Need to close escrow before 5/30/2020 THIS IS A PRE-DUE DILIGENCE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR EARNEST MONEY DEPOSIT, THE SELLER WILL PROVIDE THE BUYER WITH THE P&Ls, VENDOR CONTRACTS AND ANY AND ALL FORMAL DUE DILIGENCE INFORMATION AND DOCUMENTATION AVAILABLE TO BE ABLE TO CLOSE ESCROW. Buyers are advised to do their own independent due diligence and research before commuting with the purchase  NOTE:              - Price is firm and not negotiable.  PLEASE, NO TRANSACTIONAL  FUNDING. REQUIRED - FOR FINANCIALS OR TO MAKE AN OFFER: 1. SIGNED NDA 2. LETTER OF INTENT  3. POF (BANK OR FUND STATEMENT)....NO EXCEPTIONS!



YKB

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