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Hotel-Motel

TownePlace Suites Development

170 Myers St, Hemet, CA 92545

Listing Price: $2,950,000

Number of Rooms
103
RevPAR
$102
Gross SF
128,502
Price/Room
$28,641
Price/Gross SF
$22.96
Year Built
2023

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale a shovel-ready 2.95± acre site for a TownePlace Suites by Marriott Development, a four-story, interior corridor hotel in Hemet, California. The Site will be delivered with the final plan checked.

The property will consist of 93 interior corridor guest rooms, 2,486 SF meeting space, fitness center, business center, sundry shop, guest laundry and heated outdoor pool & spa.

The TownePlace Suites by Marriott Development represents the opportunity to acquire a Marriott-branded hotel development project in a stable market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Southern California region.

Investment Highlights

  • Four-Story Marriott-Branded Hotel to be Built in the Inland Empire MSA
  • Ideally Located off of State Routes 74 & 79
  • Nearby Several Attractions Including the Hemet Museum, Sweetwater Farms Petting Zoo, Western Science Center, Ramona Bowl Amphitheatre, Diamond Valley Lake, Wildflower Trail and Soboba Casino Resort

Exclusively Listed By

Hotel-Motel

TownePlace Suites Development

Listing Price: $2,950,000

Number of Rooms
103
RevPAR
$102
Gross SF
128,502
Price/Room
$28,641
Price/Gross SF
$22.96
Year Built
2023

Investment Highlights

  • Four-Story Marriott-Branded Hotel to be Built in the Inland Empire MSA
  • Ideally Located off of State Routes 74 & 79
  • Nearby Several Attractions Including the Hemet Museum, Sweetwater Farms Petting Zoo, Western Science Center, Ramona Bowl Amphitheatre, Diamond Valley Lake, Wildflower Trail and Soboba Casino Resort

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale a shovel-ready 2.95± acre site for a TownePlace Suites by Marriott Development, a four-story, interior corridor hotel in Hemet, California. The Site will be delivered with the final plan checked. The property will consist of 93 interior corridor guest rooms, 2,486 SF meeting space, fitness center, business center, sundry shop, guest laundry and heated outdoor pool & spa. The TownePlace Suites by Marriott Development represents the opportunity to acquire a Marriott-branded hotel development project in a stable market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Southern California region.

Exclusively Listed By

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