7800 Crescent Ave
Buena Park, CA 90620
Colony Inn · Hospitality Property For Sale
·
90 Rooms
Investment Highlights
- Excellent Location, right across the street from Knott's Berry Farm and in the Entertainment Zone (E Zone) in Buena Park.
- 90 units, exterior corridor, on approximately 1.8 acres of land.
- Property is currently undergoing an extensive renovation guest rooms and breakfast room.
- Located about 5.6 miles from Disneyland, 24 miles from Downtown Los Angeles, and 25.2 miles from Newport Beach.
- Multiple re-branding options available for new investor.
- Under-performing asset, opportunity to increase revenues an the bottom line for an experienced operator.
Property Facts
| Property Type | Hospitality | No. Rooms | 90 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1970/2020 |
| Lot Size | 1.76 AC | Parking Ratio | 2.22/1,000 SF |
| Building Size | 36,060 SF | Corridor | Exterior |
| Zoning | C, Buena Park | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.76 AC |
| Building Size | 36,060 SF |
| No. Rooms | 90 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 2.22/1,000 SF |
| Corridor | Exterior |
| Zoning | C, Buena Park |
Amenities
- Spa
About 7800 CRESCENT AVE , BUENA PARK, CA 90620
The subject property is a 90-room limited service independent hotel. It is comprised of two, two-story exterior corridor buildings, an additional building with housekeeping, maintenance and guest laundry facilities and offers an outdoor pool/spa, complimentary continental breakfast, guest laundry and a typical complement of back-of-the house facilities. The Colony Inn presents a new investor the opportunity to buy an under performing hotel asset in a great location within a walking distance or a short drive of many major demand generators. Centrally located in Buena Park along Beach Boulevard is the Entertainment Zone (E Zone). The E Zone, generates more than 6.4 million annual visits and is anchored by Knott's Berry Farm amusement park. In addition to Knotts Berry Farm and Soak City Water Park you have Medieval Times, Pirates Dinner Theater, Premier Exhibitions- Bodes the Exhibition, Titanic The Experience, and the new $400,000,000 mixed us development know as the Source. Disneyland is less than 5 miles away. A new buyer would have the opportunity to continue to operate the property and an independent hotel or to re-brand the property into a franchised hotel. With attention to marketing and revenue management at the property their lies a lot of opportunity for a new investor to increase revenues and maximize profitability. Current sellers are also in the process of renovating one of the two building at the hotel to improve the product.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 16 | $92.00 | - |
| Guest Room | 74 | $55.00 | - |
Property Taxes
| Parcel Number | 135-101-24 | Improvements Assessment | $1,082,432 |
| Land Assessment | $6,061,619 | Total Assessment | $7,144,051 |
Property Taxes
