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Travelodge Santa Maria 1514 S Broadway 70 Room Hotel Santa Maria, CA 93454 $8,495,000 ($121,357/Room)
INVESTMENT HIGHLIGHTS
- Prime Central Coast Location: Santa Maria is the largest city in Santa Barbara County, with strong ties to agriculture, aerospace, & viticulture.
- Diverse and Resilient Demand Drivers: Proximity to beaches, wine country, and national parks supports consistent tourism and business travel.
- Rare 2.26-Acre Parcel
- Branded Asset in a High-Demand Market: Travelodge benefits from national brand recognition and serves a steady mix of corporate and leisure travelers.
- Established Operational History with Upside: Reliable in-place cash flow with opportunities to improve NOI through operational enhancements.
- Attractive Investment Profile: Balanced mix of stability and upside in a supply-constrained, growth-oriented hospitality corridor.
EXECUTIVE SUMMARY
The Travelodge Santa Maria presents investors with a rare chance to acquire a well-positioned, branded hospitality property in the heart of the Central Coast. The city serves as a key economic and tourism hub, drawing consistent year-round demand from both business and leisure travelers.
Situated on a rare and expansive 2.26-acre parcel, the property offers not only immediate income generation but also future redevelopment or expansion potential, making it a standout investment. The Travelodge brand provides national recognition and operational stability, while the size and location of the asset allow investors to capitalize on the continued growth of the Central Coast as a premier destination.
Offering Memorandum, financials, and additional property details are available upon execution of a non-disclosure agreement.
Situated on a rare and expansive 2.26-acre parcel, the property offers not only immediate income generation but also future redevelopment or expansion potential, making it a standout investment. The Travelodge brand provides national recognition and operational stability, while the size and location of the asset allow investors to capitalize on the continued growth of the Central Coast as a premier destination.
Offering Memorandum, financials, and additional property details are available upon execution of a non-disclosure agreement.
PROPERTY FACTS
| Price | $8,495,000 | Lot Size | 2.26 AC |
| Price Per Room | $121,357 | Building Size | 47,715 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1959 |
| Building Class | C | Corridor | Exterior |
| Zoning | PD/C-1 - Planned Development Overlay/Central Business District | ||
| Price | $8,495,000 |
| Price Per Room | $121,357 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.26 AC |
| Building Size | 47,715 SF |
| No. Rooms | 70 |
| No. Stories | 2 |
| Year Built | 1959 |
| Corridor | Exterior |
| Zoning | PD/C-1 - Planned Development Overlay/Central Business District |
AMENITIES
- Outdoor Pool
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 7 | $200.00 | - |
| Guest Room | 63 | $109.00 | - |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 128-066-062 | Improvements Assessment | $3,291,272 |
| Land Assessment | $1,776,555 | Total Assessment | $5,067,827 |
PROPERTY TAXES
Parcel Number
128-066-062
Land Assessment
$1,776,555
Improvements Assessment
$3,291,272
Total Assessment
$5,067,827
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Travelodge Santa Maria | 1514 S Broadway
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