Historical Hotel & Motel Sale Listing - Garden Suites Inn - Bakersfield CA

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Garden Suites Inn - Bakersfield CA

2310 Wible Road, Bakersfield, CA 93304

N/A

67 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
67
Building Size:
42,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Additional Sub-types:
Full Service
Property Use Type:
Investment
Cap Rate:
10.41%
No. Stories:
3
Year Built:
1996
Lot Size:
47,300 SF
Listing ID
15191188
Last Updated
over 1 year ago

Highlights

  • Great Location - Near Downtown Bakersfield
  • Business increasing every year
  • Recently remodeled
  • All sales & expense records are well-maintained

Description

Well-operated/maintained Limited-service Suites. 63 Suite Rooms + 1 Conference Room + Manager's Suite (2 units) + Diner Storage =67 Suites Total. Diner/restaurant is included on property. Currently used to serve Breakfast, but use to be full restaurant. All equipment exists to operate as restaurant. Recently renovated: Parking lot pavement slurry, replaced drapes in all rooms, replaced bathroom mirrors and vanity countertops, replaced 19" TV's, replaced sofas (sleepers), replaced king size beds, new carpet in all rooms, replaced wallpaper, repaint interior, repaint pool surface, replaced water-heaters and (1) cooling/heating unit, and additional (see Marketing Proposal for additional improvements.) Consistent steady business with steady growth due to growing city and population. Current management does not advertise or have freeway signs. Opportunity to increase revenue, ADR, and occupancy rate exists with additional marketing.

Located couple miles from Downtown Bakersfield, Convention Center, and government buildings. Just off of Ming Ave Exit from hwy 99. Downtown currently planning a huge redevelopment project to greatly improve the city.

Map of 2310 Wible Road, Bakersfield, CA 93304 (Kern County)

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