Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Orange County Airport North, a three-story hotel located in Santa Ana, the county seat and second-largest city in prosperous Orange County, California. The hotel's 148 guest rooms feature a flat-screen TV with HBO, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated outdoor pool & spa, fitness center, complimentary breakfast and guest laundry. Business amenities include a business center and 1,500 square feet of meeting space. The property is ideally located between the Los Angeles and San Diego metropolitan areas. The Orange County market benefits from a diverse employment base, proximity to several ports of entry, and from hosting several foreign investment firms. The Best Western Plus Orange County Airport North is a short drive from the world-renowned Disneyland theme park, as well as other notable venues/attractions including the OC Fair, Honda Center, Angel Stadium and Knott's Berry Farm. John Wayne Airport is only 2 miles from the property and accommodated more than 7.7 million passengers in 2021. The property is also ideally located near a multitude of large medical centers and accredited educational institutions. The Best Western Plus Orange County Airport North represents the opportunity to acquire a renovated hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Orange County region.