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Holiday Inn Express 2700 Lenwood Rd 110 Room Hotel Barstow, CA 92311 $16,500,000 ($150,000/Room)
INVESTMENT HIGHLIGHTS
- Perfect for an owner operator looking to acquire an IHG brand in CA. Management company willing to stay if preferred.
- Located at the most happening exit in town and priced at a fair market price.
- Great opportunity for a group of investors to pitch in and purchase
- This property has solar panels leading to major saving in expense.
- Lease with an option to buy with a deposit and flexible terms conducive to both parties.
- Possible conversion to La Quinta and Hawthorne Suites with an incentive package-give me a call
EXECUTIVE SUMMARY
Location Highlights:
Adjacent to a Tesla Supercharger Station and The Outlets at Barstow
Immediate access to Interstate 15, with proximity to Interstates 40, Routes 58 & 66
Situated along major trucking and tour bus routes .Management company can continue management if preferred. Assumable SBA loan for 5.1 percent . Lease considered with an option to purchase.
Flexibility in asking price with a reasonable offer.
Approximately 1.5 hours from Los Angeles, 1 hour from Ontario, and 2 hours from Las Vegas
Near the planned $1.5 billion BNSF Barstow International Gateway rail facility
This property represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market, supported by various demand drivers including government, corporate, railroad, and freeway traffic. At $288.85/SF, the current asking price is at the low end of replacement cost or potentially below depending on current market construction rates in California.
This limits downside risk and offers upside in appreciation, especially since new construction would be more expensive and harder to justify in a secondary market like Barstow. Please give me a call to discuss the details and get the OM and DD link. Conversion to La Quinta and Hawthorne suites extended stay is a possibility.
Adjacent to a Tesla Supercharger Station and The Outlets at Barstow
Immediate access to Interstate 15, with proximity to Interstates 40, Routes 58 & 66
Situated along major trucking and tour bus routes .Management company can continue management if preferred. Assumable SBA loan for 5.1 percent . Lease considered with an option to purchase.
Flexibility in asking price with a reasonable offer.
Approximately 1.5 hours from Los Angeles, 1 hour from Ontario, and 2 hours from Las Vegas
Near the planned $1.5 billion BNSF Barstow International Gateway rail facility
This property represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market, supported by various demand drivers including government, corporate, railroad, and freeway traffic. At $288.85/SF, the current asking price is at the low end of replacement cost or potentially below depending on current market construction rates in California.
This limits downside risk and offers upside in appreciation, especially since new construction would be more expensive and harder to justify in a secondary market like Barstow. Please give me a call to discuss the details and get the OM and DD link. Conversion to La Quinta and Hawthorne suites extended stay is a possibility.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $16,500,000 | Building Size | 59,700 SF |
| Price Per Room | $150,000 | No. Rooms | 110 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Lease Option | Year Built | 2002 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.51/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.17 AC | ||
| Zoning | CH, Barstow | ||
| Price | $16,500,000 |
| Price Per Room | $150,000 |
| Sale Type | Investment |
| Sale Condition | Lease Option |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.17 AC |
| Building Size | 59,700 SF |
| No. Rooms | 110 |
| No. Stories | 3 |
| Year Built | 2002 |
| Tenancy | Single |
| Parking Ratio | 2.51/1,000 SF |
| Corridor | Interior |
| Zoning | CH, Barstow |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 28 | $123.00 | - |
| Guest Room | 82 | $96.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 0421-321-09 | Improvements Assessment | $11,675,603 |
| Land Assessment | $5,027,213 | Total Assessment | $16,702,816 |
PROPERTY TAXES
Parcel Number
0421-321-09
Land Assessment
$5,027,213
Improvements Assessment
$11,675,603
Total Assessment
$16,702,816
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Holiday Inn Express | 2700 Lenwood Rd
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