Hotel-Motel
Entitled TownePlace Suites Development Opportunity
170 Myers St, Hemet, CA 92545
Listing Price: $1,950,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale a shovel-ready 2.95± acre site for a four-story, interior corridor TownePlace Suites hotel in Hemet, California. The property will consist of 93 interior corridor guest rooms, 2,486 SF meeting space, fitness center, business center, sundry shop, guest laundry and heated outdoor pool & spa. The Site will be delivered with the final plan checked.
The city of Hemet is located in the San Jacinto Valley with a growing population projected to exceed 120,000 and economic growth supported by the Hemet RISES Strategic Plan, The Inland Empire MSA benefits from an expanding economy in healthcare and logistics. Hemet is a short driving distance from major Southern Califonia cities, Temecula Wine Country and regional tourism attractions.
The Entitled TownePlace Suites Development Opportunity represents the opportunity to acquire a Marriott-branded hotel development project in a stable market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Southern California region.
* All photos on this property site are sample photos.
Entitled TownePlace Suites Development Opportunity
Investment Highlights
- Entitled, Shovel-Ready, Four-Story Marriott-Branded Hotel to be Built in the Inland Empire MSA
- Strategically Located off of State Routes 74 & 79 in Hemet/San Jacinto Valley with Access to Major Cities
- Underserved Extended-Stay Market with Limited Competition
- Close to Several Attractions, Temecula Wine Country, Parks, and Recreation
- Excellent Demographics in the Area: Growing Population Projected to Exceed 120,000 | Family-Friendly Environment with Decreasing Median Age
- Economic Growth Supported by Hemet RISES Strategic Plan
- Expanding Inland Empire Economy in Healthcare and Logistics
- Regional Tourism and Proximity to Southern California Attractions
Exclusively Listed By
Financing By
Listing Price: $1,950,000
Investment Highlights
- Entitled, Shovel-Ready, Four-Story Marriott-Branded Hotel to be Built in the Inland Empire MSA
- Strategically Located off of State Routes 74 & 79 in Hemet/San Jacinto Valley with Access to Major Cities
- Underserved Extended-Stay Market with Limited Competition
- Close to Several Attractions, Temecula Wine Country, Parks, and Recreation
- Excellent Demographics in the Area: Growing Population Projected to Exceed 120,000 | Family-Friendly Environment with Decreasing Median Age
- Economic Growth Supported by Hemet RISES Strategic Plan
- Expanding Inland Empire Economy in Healthcare and Logistics
- Regional Tourism and Proximity to Southern California Attractions
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale a shovel-ready 2.95± acre site for a four-story, interior corridor TownePlace Suites hotel in Hemet, California. The property will consist of 93 interior corridor guest rooms, 2,486 SF meeting space, fitness center, business center, sundry shop, guest laundry and heated outdoor pool & spa. The Site will be delivered with the final plan checked. The city of Hemet is located in the San Jacinto Valley with a growing population projected to exceed 120,000 and economic growth supported by the Hemet RISES Strategic Plan, The Inland Empire MSA benefits from an expanding economy in healthcare and logistics. Hemet is a short driving distance from major Southern Califonia cities, Temecula Wine Country and regional tourism attractions. The Entitled TownePlace Suites Development Opportunity represents the opportunity to acquire a Marriott-branded hotel development project in a stable market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Southern California region. * All photos on this property site are sample photos.
Exclusively Listed By
Financing By
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