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Hotel-Motel

City Center Inn

131 S China Lake Blvd, Ridgecrest, CA 93555

Listing Price: $1,950,000

Cap Rate
8.00%
Number of Rooms
48
RevPAR
$30
Gross SF
16,340
Price/Room
$40,625
RRM
3.80
Price/Gross SF
$119.34
Year Built
2012

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the City Center Inn, a newer built property centrally located in Ridgecrest, California, conveniently located off of U.S. Route 395. 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 City Center Inn 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

City Center Inn

Listing Price: $1,950,000

Cap Rate
8.00%
Number of Rooms
48
RevPAR
$30
Gross SF
16,340
Price/Room
$40,625
RRM
3.80
Price/Gross SF
$119.34
Year Built
2012

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 City Center Inn, a newer built property centrally located in Ridgecrest, California, conveniently located off of U.S. Route 395. 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 City Center Inn 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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