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1093 Airport Rd
Imperial, CA 92251
Travelodge by Wyndham Imperial/El Centro · Hospitality Property For Sale
·
61,576 SF
Investment Highlights
- Potential Opportunity to Dual Brand or Conversion to Multi-Family Housing
- Minimal Competition - Only Hotel in Town
- Very Low & Attractive Land Lease with County
- Owner/Operator Upside - Currently Absentee Managed
Property Facts
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
About 1093 AIRPORT RD , IMPERIAL, CA 92251
NewGen Advisory is proud to present the Rodeway Inn in Imperial, CA. This property is two stories, features 92 guest rooms and sits on a very low and attractive land lease with the County of Imperial. The Rodeway Inn is the only hotel in Imperial and sits on the Imperial County Airport land. There are two buildings which consists of the 92 units and they can be easily converted into a dual brand featuring an extended stay option or multi-family as housing is a huge shortage in the area for long-term workers. The property also comes with a large restaurant on-site which generates a monthly rental income. Even with this improving market there is opportunity for a owner operator or hands on investor. The current seller is an absentee owner and does not spend much time at this property. A new owner can come in and increase their bottom line with property expense management and additional marketing to gain long-term contracts from agriculture workers and military training personnel coming into Imperial.
