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Hotel-Motel

La Quinta Inn & Suites Bakersfield North

8858 Spectrum Park Way, Bakersfield, CA 93308

Listing Price: $9,750,000

Cap Rate
8.10%
Number of Rooms
65
RevPAR
$98
Gross SF
40,356
Price/Room
$150,000
RRM
4.20
Price/Gross SF
$241.60
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale of the La Quinta Inn & Suites Bakersfield North, located in Bakersfield, California. This property is a 3-story, interior corridor hotel with 65 rooms, and had the Del Sol Package PIP completed in December 2023.

La Quinta Bakersfield North puts you just minutes north of downtown Bakersfield, giving you easy access to the Buena Vista Museum of Natural History, the Bakersfield Museum of Art, and the Fox Theater. The welcoming hotel is also perfect for business travelers, located just minutes from the Rabobank Arena, Theater, and Convention Center. The Meadows Field Airport (BFL) is also nearby. Make the most of the stay with free daily breakfast, an on-site fitness center, and our heated indoor pool,

Investment Highlights

  • PIP Completed Dec 2023 (Del Sol Package)
  • Property Averages 85% occupancy last 4 years
  • Kern County economy grew 5.2% surpassing the states 2% growth rate
  • Meadows Field Airport Bakersfield 1.7 miles away
  • 6 miles from Downtown – undergoing a major revitalization
  • Near California High-Speed Rail Bakersfield project – under construction

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s) CA: 01238010

    California

Financing By

Hotel-Motel

La Quinta Inn & Suites Bakersfield North

Listing Price: $9,750,000

Cap Rate
8.10%
Number of Rooms
65
RevPAR
$98
Gross SF
40,356
Price/Room
$150,000
RRM
4.20
Price/Gross SF
$241.60
Year Built
2006

Investment Highlights

  • PIP Completed Dec 2023 (Del Sol Package)
  • Property Averages 85% occupancy last 4 years
  • Kern County economy grew 5.2% surpassing the states 2% growth rate
  • Meadows Field Airport Bakersfield 1.7 miles away
  • 6 miles from Downtown – undergoing a major revitalization
  • Near California High-Speed Rail Bakersfield project – under construction

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale of the La Quinta Inn & Suites Bakersfield North, located in Bakersfield, California. This property is a 3-story, interior corridor hotel with 65 rooms, and had the Del Sol Package PIP completed in December 2023. La Quinta Bakersfield North puts you just minutes north of downtown Bakersfield, giving you easy access to the Buena Vista Museum of Natural History, the Bakersfield Museum of Art, and the Fox Theater. The welcoming hotel is also perfect for business travelers, located just minutes from the Rabobank Arena, Theater, and Convention Center. The Meadows Field Airport (BFL) is also nearby. Make the most of the stay with free daily breakfast, an on-site fitness center, and our heated indoor pool,

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s): CA: 01238010

    California

Financing By

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