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1511 E Main St
Barstow, CA 92311
Ramada by Wyndham Barstow · Hospitality Property For Sale
·
148 Rooms
INVESTMENT HIGHLIGHTS
- Seller Financing is Available for a Well-Qualified Buyer with 15% Down, Subject to the Seller's Approval
- A Spacious Two-Bedroom Apartment, Ideal for an Onsite Owner or Manager, is Included as Part of the Property
- BNSF Railway Plans to Invest $1.5 Billion in a Cutting-Edge Rail Facility in Barstow
- The Hotel is the Largest Property in Barstow and was Formerly Operated as a Holiday Inn
- Conveniently Located off of Interstates 40 & 15, State Route 58 and Historic Route 66 | Short Drive to the Outlets at Barstow and Food Outlets
- The Hotel Benefits from a Leading BNSF Contract in the U.S., Which is Guaranteed Under an In-Room Contract
EXECUTIVE SUMMARY
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Ramada by Wyndham Barstow, a three-story, interior corridor hotel conveniently located off Interstate 15 in Barstow, California. The property consists of 148 interior corridor guest rooms, one meeting room with 4,000 sq. ft. meeting space, and an outdoor pool.
Barstow is approximately an hour and a half drive from Los Angeles, CA; an hour drive from Ontario, CA; and a two-hour drive from Las Vegas, NV. The city has strong demand drivers, including government, corporate, railroad, freeway traffic, and infrastructure-related activities, in a year-round market. BNSF Railway plans to invest over $1.5 billion in the Barstow International Gateway, a 4,500-acre rail facility in Barstow. It will include a rail yard, an intermodal facility, and warehouses for transloading freight. The hotel benefits from a leading BNSF contract in the U.S., which is guaranteed under an in-room contract.
The Ramada by Wyndham Barstow represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market. Our pro forma analysis assumes that the market will continue to be supported by its demand drivers while factoring in a reduced franchise marketing fee.
Seller Financing
Seller financing is available for a well-qualified buyer with 15% down, subject to the seller's approval.
Long Term Ground Lease
The Ramada by Wyndham Barstow is located on a ground lease and has approximately 39 years remaining. The lease began on May 10, 1984, and is set to expire on May 9, 2064. The tenant will have an additional option to extend the lease for another 10 years, through May 9, 2074.
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Ramada by Wyndham Barstow, a three-story, interior corridor hotel conveniently located off Interstate 15 in Barstow, California. The property consists of 148 interior corridor guest rooms, one meeting room with 4,000 sq. ft. meeting space, and an outdoor pool.
Barstow is approximately an hour and a half drive from Los Angeles, CA; an hour drive from Ontario, CA; and a two-hour drive from Las Vegas, NV. The city has strong demand drivers, including government, corporate, railroad, freeway traffic, and infrastructure-related activities, in a year-round market. BNSF Railway plans to invest over $1.5 billion in the Barstow International Gateway, a 4,500-acre rail facility in Barstow. It will include a rail yard, an intermodal facility, and warehouses for transloading freight. The hotel benefits from a leading BNSF contract in the U.S., which is guaranteed under an in-room contract.
The Ramada by Wyndham Barstow represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market. Our pro forma analysis assumes that the market will continue to be supported by its demand drivers while factoring in a reduced franchise marketing fee.
Seller Financing
Seller financing is available for a well-qualified buyer with 15% down, subject to the seller's approval.
Long Term Ground Lease
The Ramada by Wyndham Barstow is located on a ground lease and has approximately 39 years remaining. The lease began on May 10, 1984, and is set to expire on May 9, 2064. The tenant will have an additional option to extend the lease for another 10 years, through May 9, 2074.
PROPERTY FACTS
| Price Per Room | $39,865 | No. Rooms | 148 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1985 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.47/1,000 SF |
| Lot Size | 3.09 AC | Corridor | Interior |
| Building Size | 80,885 SF | Opportunity Zone |
Yes
|
| Zoning | C - Commercial | ||
| Price Per Room | $39,865 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.09 AC |
| Building Size | 80,885 SF |
| No. Rooms | 148 |
| No. Stories | 3 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
AMENITIES
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $154.00 | - |
| Guest Room | 146 | $104.00 | - |
PROPERTY TAXES
| Parcel Number | 0181-851-30 | Improvements Assessment | $3,228,808 |
| Land Assessment | $662,509 | Total Assessment | $3,891,317 |
PROPERTY TAXES
Parcel Number
0181-851-30
Land Assessment
$662,509
Improvements Assessment
$3,228,808
Total Assessment
$3,891,317
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