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Investment Highlights
- Additional Opportunity: The parking lot (separate parcel) is valued at $750,000 with a 7.20% cap rate and $54,000 NOI.
- Institutional-Grade Brand Affiliation – Flagged as a Ramada by Wyndham, the property benefits from affiliation with a globally recognized brand
- Operational Upside with Continued Stabilization – Now in its fourth full year post-redevelopment, the asset remains in stabilization.
- Turnkey, Fully Renovated Asset – Completed in 2022, the property underwent a full down-to-the-studs renovation totaling over $4.4 million.
- High-Visibility Location with Strong Demand Drivers – Located on McHenry Avenue, a key commercial corridor with ±34,000 vehicles per day
- Robust Demographic and Economic Context – Positioned in Modesto at the heart of California’s Central Valley
Executive Summary
Ryan Kawai Sanchez and Mitchell Glasson of Matthews™ are pleased to present the exclusive listing for the Ramada Modesto. This 91-key asset underwent a comprehensive brand conversion completed in 2022 and has since achieved approximately 75% stabilization.
The property represents a compelling investment opportunity for a local or regional owner-operator to capture the remaining operational upside. Offered at a significantly below-market basis of $103,700 per key, the Ramada Modesto is positioned for immediate equity growth.
Despite the recent renovations, the hotel’s 2025 RevPAR index sits just below 70%, trailing a comp set largely comprised of inferior properties. This performance gap highlights a clear opportunity for a hands-on manager to implement aggressive sales strategies, improve online reputation, and reclaim market share from aging competitors.
Offers Deadline: March 5th, 2026
Tour Dates: Contact Agents directly
Do not contact staff employees or visit the property without a scheduled tour date or you will be blackballed from all future on and off market listing opportunities with Matthews.
Broker of Record
David Harrington
Firm # 02168060 (CA)
License # 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
The property represents a compelling investment opportunity for a local or regional owner-operator to capture the remaining operational upside. Offered at a significantly below-market basis of $103,700 per key, the Ramada Modesto is positioned for immediate equity growth.
Despite the recent renovations, the hotel’s 2025 RevPAR index sits just below 70%, trailing a comp set largely comprised of inferior properties. This performance gap highlights a clear opportunity for a hands-on manager to implement aggressive sales strategies, improve online reputation, and reclaim market share from aging competitors.
Offers Deadline: March 5th, 2026
Tour Dates: Contact Agents directly
Do not contact staff employees or visit the property without a scheduled tour date or you will be blackballed from all future on and off market listing opportunities with Matthews.
Broker of Record
David Harrington
Firm # 02168060 (CA)
License # 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $9,440,000 | Building Size | 39,173 SF |
| Price Per Room | $103,736 | No. Rooms | 91 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2022 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.96/1,000 SF |
| Lot Size | 1.88 AC | Corridor | Exterior |
| Zoning | C-3, Modesto | ||
| Price | $9,440,000 |
| Price Per Room | $103,736 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 39,173 SF |
| No. Rooms | 91 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Tenancy | Single |
| Parking Ratio | 3.96/1,000 SF |
| Corridor | Exterior |
| Zoning | C-3, Modesto |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $182.00 | - |
| Guest Room | 88 | $151.00 | - |
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Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 119-06-42 | Improvements Assessment | $2,511,242 |
| Land Assessment | $1,223,148 | Total Assessment | $3,734,390 |
Property Taxes
Parcel Number
119-06-42
Land Assessment
$1,223,148
Improvements Assessment
$2,511,242
Total Assessment
$3,734,390
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Ramada Modesto | 1525 McHenry Ave
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