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Hotel-Motel

GreenTree Inn Pasadena

400 S Arroyo Pkwy, Pasadena, CA 91105

Listing Price: Request For Offer

Number of Rooms
69
RevPAR
$68
Gross SF
28,000
Year Built
1973

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.

Investment Highlights

  • Renovated in 2024, Unencumbered by Brand and Management
  • Ideal for Affordable Housing Conversion
  • Additional Income from Two Onsite Retail Spaces
  • Excellent Frontage Along Route 66, Minutes to Several Highways and Interstates
  • Within 1 Mile of Old Pasadena, the Rose Parade Route, Pasadena Memorial Park, Arlington Garden, and Several Museums
  • 1/2 Mile to Pasadena Convention Center (194 Events & 323k+ Attendees in 2024)
  • 1 Mile to CalTech, a World-Renowned Institution Ranked #6 University in the U.S.
  • 2 Miles from Rose Bowl Stadium (16th-Largest Stadium in the World), Home to UCLA Bruins Football

Exclusively Listed By

Financing By

Hotel-Motel

GreenTree Inn Pasadena

Listing Price: Request For Offer

Number of Rooms
69
RevPAR
$68
Gross SF
28,000
Year Built
1973

Investment Highlights

  • Renovated in 2024, Unencumbered by Brand and Management
  • Ideal for Affordable Housing Conversion
  • Additional Income from Two Onsite Retail Spaces
  • Excellent Frontage Along Route 66, Minutes to Several Highways and Interstates
  • Within 1 Mile of Old Pasadena, the Rose Parade Route, Pasadena Memorial Park, Arlington Garden, and Several Museums
  • 1/2 Mile to Pasadena Convention Center (194 Events & 323k+ Attendees in 2024)
  • 1 Mile to CalTech, a World-Renowned Institution Ranked #6 University in the U.S.
  • 2 Miles from Rose Bowl Stadium (16th-Largest Stadium in the World), Home to UCLA Bruins Football

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.

Exclusively Listed By

Financing By

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