Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the GreenTree Inn Pasadena, a three-story hotel located in Pasadena, just 8 miles to Downtown Los Angeles. This ecofriendly property consists of 69 exterior corridor guest rooms, a heated outdoor pool & spa, poolside patio with TV and seating, and a business center. There are two retail spaces onsite, currently leased to Akbar Cuisine of India and Tru Tea House. The property is offered unencumbered by brand and management and could be an ideal opportunity for an affordable housing conversion. The GreenTree Inn Pasadena is ideally situated along Route 66, minutes to several highways and interstates. The hotel is within 1 mile of many popular attractions including Old Pasadena, the Rose Parade, Pasadena Memorial Park, Arlington Garden, and several museums. The Huntington Library, Art Museum, and Gardens is located 2 miles away and welcomes approximately 1 million visitors per year. The hotel is 1/2 mile from the Pasadena Convention Center, which welcomed more than 323,000 attendees across 194 events in 2024. Rose Bowl Stadium, the 16th-largest stadium in the world, is located 2 miles away and hosts UCLA Bruins Football and the annual Rose Bowl game. The region is home to several highly-ranked medical centers and institutions of higher learning, including CalTech, which is ranked #6 among the nation's universities. The GreenTree Inn Pasadena represents the opportunity to acquire a well-appointed hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Los Angeles region.