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Hotel-Motel

City Center Inn | America Inn & Suites

553 S China Lake Blvd, Ridgecrest, CA 93555

Listing Price: $3,750,000

Number of Rooms
89
RevPAR
$31
Gross SF
76,229
Price/Room
$42,135
Price/Gross SF
$49.19
Year Built
2013

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the City Center Inn and America Inn & Suites, newer built properties centrally located in Ridgecrest, California. Both hotels are conveniently located off of U.S. Route 395 and located less than a mile from each other. The City Center Inn is a two-story limited service hotel with 48 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 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 City Center Inn and 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. The City Center Inn is priced at $1,950,000 with a PIP estimated at $72,000. The America Inn & Suites is priced at $1,800,000 with a PIP estimated at $55,500.

Investment Highlights

  • Centrally Located in Town
  • Short Drive from Naval Air Weapons Station China Lake
  • Close Proximity to U.S. Route 395

Exclusively Listed By

Hotel-Motel

City Center Inn | America Inn & Suites

Listing Price: $3,750,000

Number of Rooms
89
RevPAR
$31
Gross SF
76,229
Price/Room
$42,135
Price/Gross SF
$49.19
Year Built
2013

Investment Highlights

  • Centrally Located in Town
  • Short Drive from Naval Air Weapons Station China Lake
  • Close Proximity to U.S. Route 395

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the City Center Inn and America Inn & Suites, newer built properties centrally located in Ridgecrest, California. Both hotels are conveniently located off of U.S. Route 395 and located less than a mile from each other. The City Center Inn is a two-story limited service hotel with 48 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 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 City Center Inn and 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. The City Center Inn is priced at $1,950,000 with a PIP estimated at $72,000. The America Inn & Suites is priced at $1,800,000 with a PIP estimated at $55,500.

Exclusively Listed By

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