January 2020 Current Listings
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The Agrarian Hotel
(Best Western Signature Collection)
Arroyo Grande, CA
$15,000,000
Only Hotel in The Village of Arroyo Grande | 720 SqFt Meeting Room | Under LEED Certification Process | In the Process of Obtaining a Liquor License | 5 Star Rating on TripAdvisor | Arroyo Grande/San Luis Obispo are 5th Place in Top 10 Happiest Cities in America | Large Rooms and Interior Corridor Construction | Brand New Hotel Built in 2019
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A Sunset Chateau
Sedona, AZ
$13,750,000
8.3% Cap Rate | Renovated in 2019 | RevPAR Growth | High Barriers to Entry | Beautiful Red Rock Views | Excellent TripAdvisor Reviews, Certificate of Excellent Recipient | Located in a Popular Tourist Destination
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Best Western Plus Dubuque Hotel & Conference Center
Dubuque, IA
$10,700,000
11.7% Cap Rate | 2.8x Room Revenue Multiplier | Well-Maintained Property, Renovated in 2018 | Excellent TripAdvisor Reviews, Certificate of Excellence Recipient | 1 Mile to University of Dubuque
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Best Western Plus Commerce Parkway Inn & Suites
Barstow, CA
$9,250,000
Brand New Hotel Built in 2019 | 3 Story Interior Corridor | Midway Between Los Angeles-Las Vegas and San Diego-Las Vegas | 8.2% Cap Rate
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Best Western Royal Sun Inn & Suites
Tucson, AZ
$9,000,000
3.3x Room Revenue Multiplier | 20% 5-Year IRR, 16% Cash on Cash Return | Steady RevPAR Growth | Excellent TripAdvisor Reviews, Certificate of Excellence Recipient
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Best Western Hoover Dam Boulder City
Boulder City, NV
$8,995,000
30% 5-Year IRR, 21% Cash on Cash Return | Recently Renovated in 2017 | Hotel Could be Expanded to 112 Rooms | Excellent TripAdvisor Reviews, #3 Hotel in Boulder City, Certificate of Excellence Recipient
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Econo Lodge Sacramento North
Sacramento, CA
$8,650,000
2.5 Miles Eats of The Promenade and Natomas Marketplace | Substantial Projected Future Demand Growth | Just 5 Miles North of Downtown Sacramento | 10 Miles North of Cal State Sacramento
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Comfort Inn Longmont
Firestone, CO
$8,250,000
11.8% Cap Rate | No PIP Required, Renovated in 2017 | Adjacent 1.99-Acre Parcel for Holiday Inn Express Development Opportunity Available for Separate Purchase | Newer Construction, Built in 2008 | Excellent Visibility from Interstate 25
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Holiday Inn Express Omaha West
Omaha. NE
$7,300,000
20% 5-Year IRR | Excellent TripAdvisor Reviews | Excellent Visibility from U.S. Route 275 | 6 Miles to Millard Airport | 11 Miles to University of Nebraska Omaha, $600M Economical Impact
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Best Western Plus Steeplegate Inn
Davenport, IA
$7,000,000
9.1% Cap Rate | 2.8x Room Revenue Multiplier | Well-Maintained Property, Renovated in 2018 | Additional Revenue from 2 Onsite Restaurants and 7 Meeting Rooms | Within Minutes of the Mississippi River
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Kent Manor
Stevensville, MD
$6,200,000
Includes 226 Acres on Kent Island | Waterfront Hotel and Catering Venue | 21% Leveraged IRR | 4 Meeting Rooms
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Best Western of Alexandria Inn & Suites & Conference Center
Alexandria, LA
$5,995,000
10.1% Cap Rate | 2.4x Room Revenue Multiplier | Well-Maintained Property, Renovated in 2017, Minimal PIP Anticipated | Excellent TripAdvisor Reviews, 2018 Certificate of Excellence Recipient
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Best Western Plus Flathead Lake Inn & Suites
Kalispell, MT
$5,830,000
No PIP - Seller Recently Completed $22k Per Room Full Hotel Renovation in 2016 | Beer and Wine License Included in Sale | 3.6x Room Revenue Multiplier | Excellent Frontage on U.S. Highway 93
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Sleep Inn Danville
Danville, IL
$5,250,000
9.1% Cap Rate | Fully up to Brand Standards as of 2018 | 35 Miles East of Champaign-Urbana, Home of The University of Illinois | Renovated in 2018 | Additional Capital Improvements Made in 2017-2018
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Marriott Towneplace Suites Tracy (
Development
)
Tracy, CA
$5,000,000
Shovel-Ready Hotel Development Opportunity | 21% Five-Year IRR, 17% Cash on Cash Return | Surrounded by Employers Including Amazon, Pepsi, Crate & Barrel, Kellogg's, and The Home Depot
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Quality Inn Fresno Yosemite Airport
Fresno, CA
$4,700,000
3.4x Room Revenue Multiplier | 39% 5-Year IRR | Adjacent to Fresno Yosemite International Airport | Within 7 Miles of Attractions INclusing Save Mart Center, Meux Home Museum, St. John's Cathedral & Fresno Chaffee Zoo
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Candlewood Suites (
Development
)
Elk Grove, CA
$3,500,000
10% Year Two Cap Rate | 4.5x Room Revenue Multiplier | Within 1 Mile of Apple Corporate Office and Two Apple Distribution Centers | 1 Mile to California Northstate University College
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316 Hotel
Wichita, KS
$3,300,000
10.2% Cap Rate | 32% 5-Year IRR | Renovated in 2017, Environmentally-Friendly Remodel | No New Supply Has Come to Downtown Since Acquisition of the Hotel in 2016 | Adjacent to Ascension Via Chrsiti St. Francis Hospital, $66M + Community Benefit
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Ramada Inn (Clarion Conversion)
Cumberland, MD
$2,950,000
2.6x Room Revenue Multiplier | 2 Miles from Allegany College of Maryland | 3 Miles from Tri-State Zoological Park | 3 Minutes from the Western Maryland Scenic Railroad
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Holiday Inn Express Briarcliff (
Development)
Kansas City, MO
$1,500,000
Franchised Hotel Development in a Thriving Market, Excellent Brand Recognition | 5 Miles to Charles B. Wheeler Downtown Airport | Within 6 Miles of St. Luke's Hospital (Barry), Kindred Hospital Northland & North Kansas City Hospital
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Offices Nationwide Throughout Canada
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Shane Hanrahan
(503) 200-2048
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Karianne Cibello
(443) 703-5027
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Lee Heppenheimer
(317) 218-5318
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Timothy J. Watkins
(775) 348-5228
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Matthew Monahan
(310) 909-2313
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Shane Lupo
(909) 456-3430
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Kelly Hansen
(909) 456-3441
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Andy Patel
(909) 456-7029
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Renard Penn
(503) 200-2055
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Offices Nationwide and Throughout Canada
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. All rights reserved.
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