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Hotel-Motel

America Inn & Suites

553 S China Lake Blvd, Ridgecrest, CA 93555

Listing Price: $1,800,000

Cap Rate
8.00%
Number of Rooms
37
RevPAR
$36
Gross SF
12,930
Price/Room
$48,649
RRM
3.80
Price/Gross SF
$139.21
Year Built
2013

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the America Inn & Suites, a newer built property centrally located in Ridgecrest, California, conveniently located off of U.S. Route 395. The America Inn & Suites is a two-story limited service hotel with 37 guest rooms. The hotel's guest rooms include a flatscreen TV, work desk and coffee maker. Hotel amenities include complimentary breakfast, coffee in lobby, pets allowed and complimentary Wi-Fi. The property includes an approximately 2500 Sq. Ft. convenient store (never opened, never used, not in operation/open) with 18-20 built-in refrigerators (operational condition unknown) and some counters. The America Inn & Suites represents the opportunity to acquire an underperforming unbranded hotel with a significant upside associated with branding, revenue management and operational efficiency; in a desirable transient market. Our Pro Forma analysis assumes market recovery supported by the increasing demand growth in the Central California region.

Investment Highlights

  • Centrally Located in Town, Off of U.S. Route 395
  • Short Drive from Naval Air Weapons Station China Lake (NAWS), a Major U.S. Navy Installation and the Largest Employer in Ridgecrest
  • Nearby Attractions Include the Maturango Museum, China Lake Museum and Desert Empire Fairgrounds

Exclusively Listed By

Hotel-Motel

America Inn & Suites

Listing Price: $1,800,000

Cap Rate
8.00%
Number of Rooms
37
RevPAR
$36
Gross SF
12,930
Price/Room
$48,649
RRM
3.80
Price/Gross SF
$139.21
Year Built
2013

Investment Highlights

  • Centrally Located in Town, Off of U.S. Route 395
  • Short Drive from Naval Air Weapons Station China Lake (NAWS), a Major U.S. Navy Installation and the Largest Employer in Ridgecrest
  • Nearby Attractions Include the Maturango Museum, China Lake Museum and Desert Empire Fairgrounds

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the America Inn & Suites, a newer built property centrally located in Ridgecrest, California, conveniently located off of U.S. Route 395. The America Inn & Suites is a two-story limited service hotel with 37 guest rooms. The hotel's guest rooms include a flatscreen TV, work desk and coffee maker. Hotel amenities include complimentary breakfast, coffee in lobby, pets allowed and complimentary Wi-Fi. The property includes an approximately 2500 Sq. Ft. convenient store (never opened, never used, not in operation/open) with 18-20 built-in refrigerators (operational condition unknown) and some counters. The America Inn & Suites represents the opportunity to acquire an underperforming unbranded hotel with a significant upside associated with branding, revenue management and operational efficiency; in a desirable transient market. Our Pro Forma analysis assumes market recovery supported by the increasing demand growth in the Central California region.

Exclusively Listed By

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