Hotel-Motel
City Center Inn
131 S China Lake Blvd, Ridgecrest, CA 93555
Listing Price: $1,950,000
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.
City Center Inn
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
Listing Price: $1,950,000
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
