Historical Hotel & Motel Sale Listing - Plaza Hotel " Lender Owned" Major Reduction!!

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Plaza Hotel " Lender Owned" Major Reduction!!

1900 Canterbury Road, Sacramento, CA 95815

N/A

151 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
151
Building Size:
67,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Assisted Living
Residences
Congregate Senior Housing
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
15.50%
Average Daily Rate:
$45
RevPAR:
$20
Corridor:
Exterior
Lot Size:
158,123 SF
Listing ID
17556139
Last Updated
over 1 year ago

Description

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.

Map of 1900 Canterbury Road, Sacramento, CA 95815 (Sacramento County)

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