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Premier Inn Concord 1581 Concord Ave 136 Room Hotel Concord, CA 94520 $14,980,000 ($110,147/Room)
INVESTMENT HIGHLIGHTS
- 136 Units
- Prime Bay Area Location offering Convenient Access to San Francisco, Oakland, Napa, and Silicon Valley
- Less than a Mile from Six Flags Hurricane Harbor and Concord Medical Center
- First Time on the Market in 30 Years
- High-Visibility Location off California State Route 242, with 200,000 Vehicles Passing Daily
- Absentee Corporate Ownership - Significant Opportunity for Revenue Growth
EXECUTIVE SUMMARY
The Premier Inn is a 136-unit independent hotel located in Concord, CA, in the heart of the East Bay.
Ideally situated just off California State Route 242, the property benefits from high visibility, with over 200,000 vehicles passing daily. It is conveniently close to numerous restaurants, Six Flags Hurricane Harbor, and Concord Medical Center. As the most populous city in Contra Costa County, Concord serves as a strategic hub for exploring the wider Bay Area, offering easy access to San Francisco, Oakland, Napa, and Silicon Valley.
Currently owned and operated by long-time corporate owners based outside the area, the hotel presents a significant opportunity for new ownership to enhance revenue through updated sales and operational strategies. The property will be delivered unencumbered by brand, allowing for a variety of flag options.
The San Francisco Bay Area is a global center of innovation and economic influence, home to major corporations such as Apple, Google, Meta, and Tesla, as well as thriving biotech and clean energy industries. With a GDP exceeding $1 trillion, the region attracts millions of visitors annually to renowned destinations like the Golden Gate Bridge, Alcatraz, and Napa Valley, further driving economic growth.
Ideally situated just off California State Route 242, the property benefits from high visibility, with over 200,000 vehicles passing daily. It is conveniently close to numerous restaurants, Six Flags Hurricane Harbor, and Concord Medical Center. As the most populous city in Contra Costa County, Concord serves as a strategic hub for exploring the wider Bay Area, offering easy access to San Francisco, Oakland, Napa, and Silicon Valley.
Currently owned and operated by long-time corporate owners based outside the area, the hotel presents a significant opportunity for new ownership to enhance revenue through updated sales and operational strategies. The property will be delivered unencumbered by brand, allowing for a variety of flag options.
The San Francisco Bay Area is a global center of innovation and economic influence, home to major corporations such as Apple, Google, Meta, and Tesla, as well as thriving biotech and clean energy industries. With a GDP exceeding $1 trillion, the region attracts millions of visitors annually to renowned destinations like the Golden Gate Bridge, Alcatraz, and Napa Valley, further driving economic growth.
PROPERTY FACTS
| Price | $14,980,000 | Building Size | 59,886 SF |
| Price Per Room | $110,147 | No. Rooms | 136 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 3.33 AC | Corridor | Exterior |
| Zoning | DB | ||
| Price | $14,980,000 |
| Price Per Room | $110,147 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.33 AC |
| Building Size | 59,886 SF |
| No. Rooms | 136 |
| No. Stories | 2 |
| Year Built | 1983 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
| Zoning | DB |
AMENITIES
- Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 136 | $55.00 | - |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 112-101-030-8 | Improvements Assessment | $5,944,251 |
| Land Assessment | $1,870,201 | Total Assessment | $7,814,452 |
PROPERTY TAXES
Parcel Number
112-101-030-8
Land Assessment
$1,870,201
Improvements Assessment
$5,944,251
Total Assessment
$7,814,452
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Premier Inn Concord | 1581 Concord Ave
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