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Hotel-Motel

Super 8 Indio

81753 CA-111, Indio, CA 92201

Listing Price: $11,000,000

Cap Rate
33.08%
Number of Rooms
92
RevPAR
$160
Price/Room
$119,565
RRM
2.05
Year Built
1988

Investment Overview

High-Quality Asset in Exceptional Condition: The Super 8 Indio is a two-story, economy Hotel featuring 92 spacious guest rooms, an outdoor pool, laundry facility, meeting room, picnic area with barbecue grill, and truck and RV parking. Prime Location with Easy Access to Market Demand Generators: The Hotel features a strong location, perfectly situated off Highway 111. The Property is easily accessible from Interstate 10 and is minutes from the Anza Borrego Desert State Park, Aqua Caliente Casino, Fantasy Springs Casino, Palm Springs Aerial Tramway, Coachella Valley History Museum, Indio Performing Arts Center, Coachella Valley Art Center, and the Old Town Historic Murals. Additionally, Coachella Valley maintains 124 golf courses, or approximately 28 percent of California’s total. The City of Festivals: Indio, nicknamed “The City of Festivals”, is home to dozens of festivals, ranging from music, sports, fairs, art, and food. Most notably, Coachella Valley Music & Arts Festival brings in over 750,000 visitors to the region and prompts room demand for the entire month of April. Other festivals include Riverside County Fair, Stagecoach Country Music Festival, the Southwest Arts Festival, Palm Springs Annual Dog Show, California BBQ State Championships and Festival, along with many more. These festivals help bring in over 1.4 million visitors throughout the year. Significant Top Line Revenues: Due to major success in the economy scale within the market, the economy Hotel significantly boosted daily rates and occupancy, leading to over $5.36 million in room revenues through the twelve-month period ending June 2022. Fee Simple: The Hotel is offered fee simple, unencumbered by management contract and debt.

Investment Highlights

  • Two-Story, 92-Room, Exterior-Corridor, Wyndham Hotels Branded Asset
  • Prime Highway 111 Location with Access to Interstate 10 and Minutes Away from Major Demand Generators like Casinos, Festivals, Performance Centers, and Golf Courses
  • Nicknamed "The City of Festivals", Indio Brings in Over 1.4 Million Tourists by Hosting Dozens of Annual Festivals, Most Notably Coachella Valley Music & Arts Festival
  • Offered Fee Simple, Unencumbered by Management Contract and Debt

Exclusively Listed By

Hotel-Motel

Super 8 Indio

Listing Price: $11,000,000

Cap Rate
33.08%
Number of Rooms
92
RevPAR
$160
Price/Room
$119,565
RRM
2.05
Year Built
1988

Investment Highlights

  • Two-Story, 92-Room, Exterior-Corridor, Wyndham Hotels Branded Asset
  • Prime Highway 111 Location with Access to Interstate 10 and Minutes Away from Major Demand Generators like Casinos, Festivals, Performance Centers, and Golf Courses
  • Nicknamed "The City of Festivals", Indio Brings in Over 1.4 Million Tourists by Hosting Dozens of Annual Festivals, Most Notably Coachella Valley Music & Arts Festival
  • Offered Fee Simple, Unencumbered by Management Contract and Debt

Investment Overview

High-Quality Asset in Exceptional Condition: The Super 8 Indio is a two-story, economy Hotel featuring 92 spacious guest rooms, an outdoor pool, laundry facility, meeting room, picnic area with barbecue grill, and truck and RV parking. Prime Location with Easy Access to Market Demand Generators: The Hotel features a strong location, perfectly situated off Highway 111. The Property is easily accessible from Interstate 10 and is minutes from the Anza Borrego Desert State Park, Aqua Caliente Casino, Fantasy Springs Casino, Palm Springs Aerial Tramway, Coachella Valley History Museum, Indio Performing Arts Center, Coachella Valley Art Center, and the Old Town Historic Murals. Additionally, Coachella Valley maintains 124 golf courses, or approximately 28 percent of California’s total. The City of Festivals: Indio, nicknamed “The City of Festivals”, is home to dozens of festivals, ranging from music, sports, fairs, art, and food. Most notably, Coachella Valley Music & Arts Festival brings in over 750,000 visitors to the region and prompts room demand for the entire month of April. Other festivals include Riverside County Fair, Stagecoach Country Music Festival, the Southwest Arts Festival, Palm Springs Annual Dog Show, California BBQ State Championships and Festival, along with many more. These festivals help bring in over 1.4 million visitors throughout the year. Significant Top Line Revenues: Due to major success in the economy scale within the market, the economy Hotel significantly boosted daily rates and occupancy, leading to over $5.36 million in room revenues through the twelve-month period ending June 2022. Fee Simple: The Hotel is offered fee simple, unencumbered by management contract and debt.

Exclusively Listed By

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