Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ramada by Wyndham Barstow, a three-story, interior corridor hotel conveniently located off Interstate 15 in Barstow, California. The property consists of 148 interior corridor guest rooms, one meeting room with 2,200 sq. ft. meeting space, and an outdoor pool. Barstow is approximately an hour and a half drive from Los Angeles, CA; an hour drive from Ontario, CA; and a two-hour drive from Las Vegas, NV. The city has strong demand drivers, including government, corporate, railroad, freeway traffic, and infrastructure-related activities, in a year-round market. BNSF Railway plans to invest over $1.5 billion in the Barstow International Gateway, a 4,500-acre rail facility in Barstow. It will include a rail yard, an intermodal facility, and warehouses for transloading freight. Seller financing is available for a qualified buyer with 30% down, subject to the seller's approval. The Ramada by Wyndham Barstow represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market. Our pro forma analysis assumes that the market will continue to be supported by its demand drivers while factoring in a reduced franchise marketing fee. Ground Lease The Ramada by Wyndham Barstow is located on a ground lease and has approximately 39 years remaining. The lease began on May 10, 1984, and is set to expire on May 9, 2064. The tenant will have an additional option to extend the lease for another 10 years, through May 9, 2074.