Skip to main content

Hotel-Motel

Grand Legacy at the Park Anaheim

1650 S Harbor Blvd, Anaheim, CA 92802

Listing Price: $60,000,000

Cap Rate
12.70%
Number of Rooms
1
RevPAR
$195
Gross SF
99,572
Price/Room
$60,000,000
Price/Gross SF
$602.58
Year Built
1958

Investment Overview

Marcus & Millichap exclusively offers for sale the Grand Legacy at the Park hotel in Anaheim, a 226 room hotel located at the NEC of Harbor Boulevard and Disney Way, just steps away from Disneyland and California Adventure. The hotel is comprised of a mix of two, three and four story well appointed guest rooms and suites with several desirable amenities including mixed interior and exterior corridors, a heated outdoor pool and spa, guest laundry facilities, and onsite restaurants, bars and shops.

The offering includes The Fifth, Anaheim’s first upscale rooftop restaurant and bar with a catering business, plus five other leased retail shop spaces that produce additional rental income. Six guestrooms are currently used as administrative offices, bringing the total possible room count to 232 if desired. The property is situated on two parcels, one of which is owned fee simple and the other is the subject of a ground lease that initiated in 1955 and terminates in 2040.

The South Parcel, situated on 1.09 fee simple acres, consists of 115 guestrooms, the hotel lobby, two leased retail spaces, and 60% of The Fifth rooftop restaurant. The North Parcel, situated on 2.37 leased acres, consists of 111 guestrooms, three subleased retail spaces, and 40% of The Fifth rooftop restaurant. The property was constructed such that if the ground lease were to expire with no further ties to the hotel operator, the buildings could be detached and operated separately.

Investment Highlights

  • Well-Appointed Hotel in Southern California, Steps to Disneyland & California Adventure (25M+ Attendance in 2022)
  • Significant Leisure & Business Demand: ~25M Visitors to Anaheim Annually
  • Additional Leased Income from Retail Tenants
  • Includes Rooftop Restaurant Business Overlooking Disneyland
  • 0.6 Miles to Anaheim Convention Center, the Largest Exhibit Facility on the West Coast
  • Easily Accessible to and from Interstate 5 and Several California State Highways
  • 2 Miles to the OCVIBE Development Project, a One-of-a-Kind, Immersive District Featuring Entertainment Venues, Dining, Office Space, Residences and More
  • Other Nearby Attractions include Angel Stadium, Honda Center, Knott's Berry Farm, Santa Ana Zoo and Several Southern California Beaches

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

Hotel-Motel

Grand Legacy at the Park Anaheim

Listing Price: $60,000,000

Cap Rate
12.70%
Number of Rooms
1
RevPAR
$195
Gross SF
99,572
Price/Room
$60,000,000
Price/Gross SF
$602.58
Year Built
1958

Investment Highlights

  • Well-Appointed Hotel in Southern California, Steps to Disneyland & California Adventure (25M+ Attendance in 2022)
  • Significant Leisure & Business Demand: ~25M Visitors to Anaheim Annually
  • Additional Leased Income from Retail Tenants
  • Includes Rooftop Restaurant Business Overlooking Disneyland
  • 0.6 Miles to Anaheim Convention Center, the Largest Exhibit Facility on the West Coast
  • Easily Accessible to and from Interstate 5 and Several California State Highways
  • 2 Miles to the OCVIBE Development Project, a One-of-a-Kind, Immersive District Featuring Entertainment Venues, Dining, Office Space, Residences and More
  • Other Nearby Attractions include Angel Stadium, Honda Center, Knott's Berry Farm, Santa Ana Zoo and Several Southern California Beaches

Investment Overview

Marcus & Millichap exclusively offers for sale the Grand Legacy at the Park hotel in Anaheim, a 226 room hotel located at the NEC of Harbor Boulevard and Disney Way, just steps away from Disneyland and California Adventure. The hotel is comprised of a mix of two, three and four story well appointed guest rooms and suites with several desirable amenities including mixed interior and exterior corridors, a heated outdoor pool and spa, guest laundry facilities, and onsite restaurants, bars and shops. The offering includes The Fifth, Anaheim’s first upscale rooftop restaurant and bar with a catering business, plus five other leased retail shop spaces that produce additional rental income. Six guestrooms are currently used as administrative offices, bringing the total possible room count to 232 if desired. The property is situated on two parcels, one of which is owned fee simple and the other is the subject of a ground lease that initiated in 1955 and terminates in 2040. The South Parcel, situated on 1.09 fee simple acres, consists of 115 guestrooms, the hotel lobby, two leased retail spaces, and 60% of The Fifth rooftop restaurant. The North Parcel, situated on 2.37 leased acres, consists of 111 guestrooms, three subleased retail spaces, and 40% of The Fifth rooftop restaurant. The property was constructed such that if the ground lease were to expire with no further ties to the hotel operator, the buildings could be detached and operated separately.

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

MM Texture Background
MM Textured Background Lower