This property is Off-Market
1900 Canterbury Road
Sacramento, CA 95815 ·
151 Rooms · Hotel & Motel For Sale
Plaza Hotel " Lender Owned" Major Reduction!!
|No. Rooms||151||Cap Rate||15.50%|
|Building Size||67,000 SF||Average Daily Rate||$45|
|Property Type||Hotel & Motel||RevPAR||$20|
|Property Use Type||Investment||Lot Size||158,123 SF|
|Listing ID: 17556139||Date Created: 03/02/2012||Last Updated: 01/31/2013|
Just Fell out of Escrow and Seller wants Year End Close! Major Price Reduction for quick sale!! I will discuss any offers with Lender. The Plaza Hotel is a LENDER OWNED hotel. The site is comprised of four buildings, including a freestanding restaurant building with conference/meeting space. The three two-story hotel buildings contain 151 guestrooms and covered connecting walkways. The main building includes the lobby and a manager' s unit.
Additional amenities at the exterior-corridor property include pool and spa and guest laundry.
The stated income numbers are based on the proforma created based on the area Smith Travel Research report. The property offers significant upside to a good operator. There are numerous franchise opportunities available.
Along with the potential to realize upside through independent hotel operations or franchise. The property would lend itself well to an alternative use, possibly in the senior housing or assisted living field.
The lender-owned Plaza Hotel is just off Highway 160, four miles from downtown Sacramento. Sacramento, the capital of California, has a population of over 486,000. Major employers include the State of California, UC Davis Health System, Kaiser Permanente, Sutter Health and Intel.
The Plaza Hotel is close to countless attractions, including Sutter' s Fort, Sacramento Convention Center Complex, California State University-Sacramento, ARCO Arena and numerous others.
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