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Hotel-Motel

Proposed Tru by Hilton Development

719 N Eureka St, Redlands, CA 92374

Listing Price: $3,750,000

Cap Rate
8.22%
Number of Rooms
90
RevPAR
$99
Price/Room
$41,667
RRM
4.49
Year Built
2023

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Proposed Tru by Hilton Development (‘Hotel Development’ or ‘Property’). The Hilton-branded Hotel Development is offered at $3,750,000. The Proposed Tru by Hilton Development is located at 719 N Eureka Street in Redlands, California, just off Interstate 10. The proposed four-story building is projected to complete construction by 2023 and will be situated on a 1.55-acre lot. The Property will feature a bistro & lounge, fitness center, and business center. Located within the Inland Empire metropolitan statistical area, Redlands is a city just outside of San Bernardino in southern California. The city lies roughly 45 miles west of Palm Springs and 63 miles east of Los Angeles, which can be reached via Interstate 10 and State Route 210, respectively. Located within a massive transportation hub, three international airports are located less than 75 miles from the city: San Bernardino International Airport (7 miles), Ontario International Airport (23 miles), and Los Angeles International Airport (70 miles). Adjacent to Redlands, San Bernardino is a college town home to California State University – San Bernardino that enrolled just under 20 thousand students in the Fall 2021 semester. The city is also the county seat of San Bernardino County, serving as an anchor city to the third-largest metropolitan area in California, after Los Angeles and San Francisco. Owning and operating 24 public parks totaling more than 143 acres, the city of Redlands is highlighted by its natural landscape with 10 city-approved trails scattered throughout the region. Demand generators such as San Bernardino County Museum, Morey Mansion, Kimberley Crest House & Gardens, and Redlands Bowl provide the area with popular attractions that catch the eye of both tourists and locals. Redlands top industries feature health care, education, and retail trade, with top employers including Redlands Unified School District, Redlands Community Hospital, Beaver Medical Group, and the University of Redlands.

Investment Highlights

  • Hilton-Branded Franchise Affiliation Hotel Development
  • Well-Positioned within a Commercial Hub Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Property Located Less than 15 Minutes from San Bernardino International Airport and Less than 30 Minutes from Ontario International Airport
  • Located Near Many Campuses of Higher Education Including San Bernardino Valley College, University of Redlands, Loma Linda University School of Public Health, and the University of California – San Bernardino
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

Proposed Tru by Hilton Development

Listing Price: $3,750,000

Cap Rate
8.22%
Number of Rooms
90
RevPAR
$99
Price/Room
$41,667
RRM
4.49
Year Built
2023

Investment Highlights

  • Hilton-Branded Franchise Affiliation Hotel Development
  • Well-Positioned within a Commercial Hub Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Property Located Less than 15 Minutes from San Bernardino International Airport and Less than 30 Minutes from Ontario International Airport
  • Located Near Many Campuses of Higher Education Including San Bernardino Valley College, University of Redlands, Loma Linda University School of Public Health, and the University of California – San Bernardino
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Proposed Tru by Hilton Development (‘Hotel Development’ or ‘Property’). The Hilton-branded Hotel Development is offered at $3,750,000. The Proposed Tru by Hilton Development is located at 719 N Eureka Street in Redlands, California, just off Interstate 10. The proposed four-story building is projected to complete construction by 2023 and will be situated on a 1.55-acre lot. The Property will feature a bistro & lounge, fitness center, and business center. Located within the Inland Empire metropolitan statistical area, Redlands is a city just outside of San Bernardino in southern California. The city lies roughly 45 miles west of Palm Springs and 63 miles east of Los Angeles, which can be reached via Interstate 10 and State Route 210, respectively. Located within a massive transportation hub, three international airports are located less than 75 miles from the city: San Bernardino International Airport (7 miles), Ontario International Airport (23 miles), and Los Angeles International Airport (70 miles). Adjacent to Redlands, San Bernardino is a college town home to California State University – San Bernardino that enrolled just under 20 thousand students in the Fall 2021 semester. The city is also the county seat of San Bernardino County, serving as an anchor city to the third-largest metropolitan area in California, after Los Angeles and San Francisco. Owning and operating 24 public parks totaling more than 143 acres, the city of Redlands is highlighted by its natural landscape with 10 city-approved trails scattered throughout the region. Demand generators such as San Bernardino County Museum, Morey Mansion, Kimberley Crest House & Gardens, and Redlands Bowl provide the area with popular attractions that catch the eye of both tourists and locals. Redlands top industries feature health care, education, and retail trade, with top employers including Redlands Unified School District, Redlands Community Hospital, Beaver Medical Group, and the University of Redlands.

Exclusively Listed By

Financing By

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