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THREE CALIFORNIA HOTELS FROM THREE SEPARATE SELLERS

Updated: May 20

3 CALIFORNIA HOTELS FOR SALE...

BUY 1, OR 2 OR ALL 3...

ALL 3 ARE OFF MARKET & ABSOLUTELY DELIVERABLE


HOTEL #1 Red Roof Inn

4325 Watt Ave, Sacramento, CA 95821

  • Price: $7.5M (Seller to pay the commission at this price)

  • June 2016 after $2.3 Million renovation

  • New elevator system - Income trending upwards year over year

  • On pace to do $1.6M in 2019

  • Projected stabilize income $1.8M

  • RRM  3.8

  • NOI $571,407

  • 8.21% CAP

  • Location: Sacramento

Please Note: This Red Roof Inn was,emphasize "WAS" on Loopnet.com. This is no longer on Loopnet.com


Hotel #2

Ramada by Wyndham Hawthorne/LAX

5250 W El Segundo Blvd, Hawthorne, CA 90250

  • Price:  $36.5M (Seller to pay the commission at this price)

  • NOI:  approximately $1,325,000

  • CAP:  3.8%

  • Approximate rooms: 160

  • Location: Los Angeles

  • Delivered without loans or management

  • Property could be re-developed into a more modern or boutique hotel. 

  • It already has a full-service restaurant and Bar




Hotel #3 Torrance Marriott

3635 Fashion Way, Torrance CA

  • Price:  $159M (Seller to pay the commission at this price)

  • Excellent Performing /Stable Income

  • 4-Star Lux 487-Key

  • PIP Reserve: $17 Million

  • NOI:  $9.6 Million expected for 2019

  • CAP Rate: 6.86%

  • Approx. $10 Million in property renovations/improvements – included in asking price

  • Flagged Non-Union

  • Property has retail, restaurant, Starbucks

  • Location: Los Angeles


DELIVERABLE WHILE AVAILABLE THESE HOTELS ARE FROM THREE SEPARATE SELLERS..........

I AM DIRECT TO THE SELLER'S AGENT....

SELLER'S AGENT IS PAID BY THE SELLER SEPARATELY  This is an off market (now) and this is a pre-due diligence package and not a formal diligence package and not a formal due diligence package.  Once the buyer and seller execute the purchase and sale agreement and the buyer opens up the contracted escrow trust account with their contracted earnest money deposit, the seller will provide the buyer with all of the updated P&Ls, RENT ROLLS, TENANT'S LEASES and any VENDOR CONTRACTS that exist to close this transaction.  To move forward, the buyer and or the seller to sign the asset specific master fee agreement (depending on the executed purchase price), the buyer to provide an asset specific letter of intent to include the purchase price, due diligence period, close of escrow of date and the amount of the earnest money deposit that will be escrowed once the buyer and the seller execute the purchase and sale agreement. The buyer to provide a buyer's commercial bio of commercial asset held in their investment portfolio. The buyer to provide a buyer's verifiable proof of funds in the form of a bank or fund statement of account. 


PLEASE NO TRANSACTIONAL FUNDING


AP

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