Skip to main content

Hotel-Motel

Travelodge Inn & Suites by Wyndham Yucca Valley/Joshua Tree

54850 Twentynine Palms Highway, Yucca Valley, CA 92284

Listing Price: $7,000,000

Cap Rate
6.87%
Number of Rooms
64
RevPAR
$46
Price/Room
$109,375
RRM
6.56
Year Built
1982

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Travelodge Inn & Suites Yucca Valley Joshua Tree (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $7,000,000 or $109,375 per key. The Travelodge Inn & Suites is a 64-room, two-story Hotel, located at 54850 29 Palms Highway in Yucca Valley, California. Common area amenities include an outdoor pool, 700 square feet of meeting/event space, on-site bar/restaurant, game room, business center, and fitness center. Each room features amenities such as a flat-screen television, coffee maker, microwave, refrigerator, desk and chair, and kitchens in suites. The Property’s exceptional position, off 29 Palms Highway, provides swift access to the city's prominent industries like health care, retail, tourism, and military. Yucca Valley is surrounded by the San Bernardino Mountains and Joshua Tree Nation Park, driving room demand for outdoor adventurers who seek out activities like hiking, camping, and rock climbing. The Marine Corps Air Ground Combat Center – Twentynine Palms is located just outside the city and provides residency to over 12,500 active duty, 24,000 family members, and 21,000 DoD/contractors. Additionally, the city is home to the Hi-Desert Nature Museum (3.2 miles) and Hi-Desert Medical Center (11.6 miles). In 2021, the limited-service Hotel recorded room revenues of over $1.06 million and a net operating income above $480.9 thousand, or 42.6 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. Additionally, RevPAR has continued to steadily increase year-over-year, averaging over 15 percent from 2019 through 2021. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only bene?ting from increased market share but also overall value. The Property’s restaurant space is currently leased on a month-to-month basis with a rental income of $5,000 monthly.

Investment Highlights

  • Two-Story, 64-Room, Wyndham-Branded Hotel near Joshua Tree National Park
  • Excellent Mix of Amenities Including Meeting/Banquet Room and On-Site Bar/Restaurant
  • Nearby Demand Generators Include the San Bernardino Mountains, Joshua Tree National Park, The Marine Corps Air Ground Combat Center - Twentynine Palms, Hi-Desert Nature Museum, and Hi-Desert Medical C
  • 2021 Operating Income of Over $480.9 Thousand, Representing 42.6 Percent of Total Revenues
  • Restaurant Lease Income of $5,000 Monthly or $60,000 Annually

Exclusively Listed By

Hotel-Motel

Travelodge Inn & Suites by Wyndham Yucca Valley/Joshua Tree

Listing Price: $7,000,000

Cap Rate
6.87%
Number of Rooms
64
RevPAR
$46
Price/Room
$109,375
RRM
6.56
Year Built
1982

Investment Highlights

  • Two-Story, 64-Room, Wyndham-Branded Hotel near Joshua Tree National Park
  • Excellent Mix of Amenities Including Meeting/Banquet Room and On-Site Bar/Restaurant
  • Nearby Demand Generators Include the San Bernardino Mountains, Joshua Tree National Park, The Marine Corps Air Ground Combat Center - Twentynine Palms, Hi-Desert Nature Museum, and Hi-Desert Medical C
  • 2021 Operating Income of Over $480.9 Thousand, Representing 42.6 Percent of Total Revenues
  • Restaurant Lease Income of $5,000 Monthly or $60,000 Annually

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Travelodge Inn & Suites Yucca Valley Joshua Tree (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $7,000,000 or $109,375 per key. The Travelodge Inn & Suites is a 64-room, two-story Hotel, located at 54850 29 Palms Highway in Yucca Valley, California. Common area amenities include an outdoor pool, 700 square feet of meeting/event space, on-site bar/restaurant, game room, business center, and fitness center. Each room features amenities such as a flat-screen television, coffee maker, microwave, refrigerator, desk and chair, and kitchens in suites. The Property’s exceptional position, off 29 Palms Highway, provides swift access to the city's prominent industries like health care, retail, tourism, and military. Yucca Valley is surrounded by the San Bernardino Mountains and Joshua Tree Nation Park, driving room demand for outdoor adventurers who seek out activities like hiking, camping, and rock climbing. The Marine Corps Air Ground Combat Center – Twentynine Palms is located just outside the city and provides residency to over 12,500 active duty, 24,000 family members, and 21,000 DoD/contractors. Additionally, the city is home to the Hi-Desert Nature Museum (3.2 miles) and Hi-Desert Medical Center (11.6 miles). In 2021, the limited-service Hotel recorded room revenues of over $1.06 million and a net operating income above $480.9 thousand, or 42.6 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. Additionally, RevPAR has continued to steadily increase year-over-year, averaging over 15 percent from 2019 through 2021. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only bene?ting from increased market share but also overall value. The Property’s restaurant space is currently leased on a month-to-month basis with a rental income of $5,000 monthly.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower