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Hotel-Motel

Holiday Inn Express Morgan Hill Development

S Cochrane Rd & Sutter Blvd, Morgan Hill, CA 95037

Listing Price: $5,000,000

Cap Rate
9.01%
Number of Rooms
116
RevPAR
$115
Gross SF
68,193
Price/Room
$43,103
RRM
1.02
Price/Gross SF
$73.32
Year Built
2022

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Morgan Hill Development, a five-story limited service hotel development project located in Morgan Hill, California. The hotel will consist of 116 well-appointed rooms and suites. Amenities will include a heated indoor pool, fitness center, spacious lobby/lounge area, meeting space, complimentary breakfast and more. Each modern guest room will offer a flat-screen TV, mini refrigerator, and work space.

The Holiday Inn Express & Suites Morgan Hill Development represents the opportunity to acquire a shovel-ready upper midscale hotel development site located at the Southern tip of Silicon Valley, the seat of several high-tech companies. The hotel will have the opportunity to obtain and grow market share in a high demand market.

Investment Highlights

  • Five-Story Limited Service Hotel Development with 20 Year Franchise Term
  • Located at Southern Tip of Silicon Valley, the Seat of Several High-Tech Companies
  • Less Than a Mile to Several Employers & Mixed-Use Technology Park Development
  • Near Gilroy Gardens Family Theme Park, Caiero County Park & Morgan Hill Sports Center
  • 25 Minutes to San Jose International Airport | Nearly 16M Passengers in 2019
  • Located Off of U.S. Route 101, in a Market with Growing Economy & Strong Demographics

Exclusively Listed By

Hotel-Motel

Holiday Inn Express Morgan Hill Development

Listing Price: $5,000,000

Cap Rate
9.01%
Number of Rooms
116
RevPAR
$115
Gross SF
68,193
Price/Room
$43,103
RRM
1.02
Price/Gross SF
$73.32
Year Built
2022

Investment Highlights

  • Five-Story Limited Service Hotel Development with 20 Year Franchise Term
  • Located at Southern Tip of Silicon Valley, the Seat of Several High-Tech Companies
  • Less Than a Mile to Several Employers & Mixed-Use Technology Park Development
  • Near Gilroy Gardens Family Theme Park, Caiero County Park & Morgan Hill Sports Center
  • 25 Minutes to San Jose International Airport | Nearly 16M Passengers in 2019
  • Located Off of U.S. Route 101, in a Market with Growing Economy & Strong Demographics

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Morgan Hill Development, a five-story limited service hotel development project located in Morgan Hill, California. The hotel will consist of 116 well-appointed rooms and suites. Amenities will include a heated indoor pool, fitness center, spacious lobby/lounge area, meeting space, complimentary breakfast and more. Each modern guest room will offer a flat-screen TV, mini refrigerator, and work space.

The Holiday Inn Express & Suites Morgan Hill Development represents the opportunity to acquire a shovel-ready upper midscale hotel development site located at the Southern tip of Silicon Valley, the seat of several high-tech companies. The hotel will have the opportunity to obtain and grow market share in a high demand market.

Exclusively Listed By

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