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Hotel-Motel

WoodSpring Suites Extended Stay

2050 W Valley Blvd, Colton, CA 92324

Listing Price: $24,500,000

Cap Rate
6.50%
Number of Rooms
122
RevPAR
$65
Gross SF
48,900
Price/Room
$200,820
Price/Gross SF
$501.02
Year Built
2020

Investment Overview

Marcus & Millichap is proud to present the WoodSpring Suites Colton, a four-story Choice-branded hotel ideally located within Southern California’s Inland Empire, with excellent freeway visibility and access to and from several major thoroughfares. The property was built in 2020, opened in March 2020 and is currently operating at 96.9% occupancy per current Trailing-12 P&L. This all-suite hotel consists of 122 guest rooms and several amenities including a fitness center, business center, complimentary coffee, guest laundry facilities, vending machines, an electric car charging station, roof-top solar equipment with 100-KWH capacity, and fire stops above stoves in all guest rooms for additional safety. The WoodSpring Suites Colton represents the opportunity to acquire a newly constructed hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Inland Empire region.

Investment Highlights

  • Opened in 2020 | Newest Hotel in its Comp Set
  • 96.9% Occupancy on Current P&L
  • Conveniently Located Along Interstate 10 | Excellent Freeway Visibility
  • Short Drive to Downtown Riverside, Auto Club Speedway, Toyota Arena, Glen Helen Regional Park and Yaamava Resort & Casino
  • 7 Miles to Loma Linda University Medical Center (#1 Hospital in Inland Empire), Children's Hospital & VA Medical Center
  • 12 Miles to Ontario International Airport, which Experienced Traffic Growth During Covid-19
  • Within 13 Miles of UC Riverside, CSU San Bernardino & Cal Baptist University (57k+ Combined Enrollment)
  • The Inland Empire Market Benefits from a Dominant Industrial Market, Strong Demographic Trends, and Strategic Location Among an Abundance of Southern California Infrastructure

Exclusively Listed By

Hotel-Motel

WoodSpring Suites Extended Stay

Listing Price: $24,500,000

Cap Rate
6.50%
Number of Rooms
122
RevPAR
$65
Gross SF
48,900
Price/Room
$200,820
Price/Gross SF
$501.02
Year Built
2020

Investment Highlights

  • Opened in 2020 | Newest Hotel in its Comp Set
  • 96.9% Occupancy on Current P&L
  • Conveniently Located Along Interstate 10 | Excellent Freeway Visibility
  • Short Drive to Downtown Riverside, Auto Club Speedway, Toyota Arena, Glen Helen Regional Park and Yaamava Resort & Casino
  • 7 Miles to Loma Linda University Medical Center (#1 Hospital in Inland Empire), Children's Hospital & VA Medical Center
  • 12 Miles to Ontario International Airport, which Experienced Traffic Growth During Covid-19
  • Within 13 Miles of UC Riverside, CSU San Bernardino & Cal Baptist University (57k+ Combined Enrollment)
  • The Inland Empire Market Benefits from a Dominant Industrial Market, Strong Demographic Trends, and Strategic Location Among an Abundance of Southern California Infrastructure

Investment Overview

Marcus & Millichap is proud to present the WoodSpring Suites Colton, a four-story Choice-branded hotel ideally located within Southern California’s Inland Empire, with excellent freeway visibility and access to and from several major thoroughfares. The property was built in 2020, opened in March 2020 and is currently operating at 96.9% occupancy per current Trailing-12 P&L. This all-suite hotel consists of 122 guest rooms and several amenities including a fitness center, business center, complimentary coffee, guest laundry facilities, vending machines, an electric car charging station, roof-top solar equipment with 100-KWH capacity, and fire stops above stoves in all guest rooms for additional safety. The WoodSpring Suites Colton represents the opportunity to acquire a newly constructed hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Inland Empire region.

Exclusively Listed By

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