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Residence Inn Bakersfield 4241 Chester Ln 114 Room Hotel Bakersfield, CA 93309 $15,950,000 ($139,912/Room) 8.62% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong in Place Cash Flo
- Upside in Rate Post PIP
- Institutional Grade Asset
EXECUTIVE SUMMARY
Hotel Brokers of America is proud to offer the 114-room Residence Inn by Marriott Bakersfield, CA. Ideally positioned just off Highway 99, the property provides excellent connectivity to key Central Valley markets, including Fresno, Modesto, Stockton, and Sacramento.
This all-suite hotel features apartment-style accommodations with full kitchens, separate living and sleeping areas, and select suites with fireplaces. The hotel features an outdoor heated pool, a 24-hour fitness center, and sports courts for tennis, basketball, and volleyball. It also provides a business center and flexible meeting space, appealing to both leisure guests and corporate travelers.
This opportunity provides buyers with immediate in-place cash flow, secured by the strength of Marriott’s leading extended-stay brand, with clear NOI upside through management and PIP-driven upside.
This all-suite hotel features apartment-style accommodations with full kitchens, separate living and sleeping areas, and select suites with fireplaces. The hotel features an outdoor heated pool, a 24-hour fitness center, and sports courts for tennis, basketball, and volleyball. It also provides a business center and flexible meeting space, appealing to both leisure guests and corporate travelers.
This opportunity provides buyers with immediate in-place cash flow, secured by the strength of Marriott’s leading extended-stay brand, with clear NOI upside through management and PIP-driven upside.
PROPERTY FACTS
| Price | $15,950,000 | Building Size | 67,586 SF |
| Price Per Room | $139,912 | No. Rooms | 114 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.62% | Year Built/Renovated | 1990/2008 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.71/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 3.75 AC | ||
| Zoning | C-2 | ||
| Price | $15,950,000 |
| Price Per Room | $139,912 |
| Sale Type | Investment |
| Cap Rate | 8.62% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.75 AC |
| Building Size | 67,586 SF |
| No. Rooms | 114 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2008 |
| Tenancy | Single |
| Parking Ratio | 2.71/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 114 | $180.00 | - |
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 332-322-13-00-5 | Improvements Assessment | $9,577,551 |
| Land Assessment | $3,060,000 | Total Assessment | $12,637,551 |
PROPERTY TAXES
Parcel Number
332-322-13-00-5
Land Assessment
$3,060,000
Improvements Assessment
$9,577,551
Total Assessment
$12,637,551
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Residence Inn Bakersfield | 4241 Chester Ln
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