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La Quinta Inn & Suites Bakersfield North 8858 Spectrum Park Way 65 Room Hotel Bakersfield, CA 93308 $10,500,000 ($161,538/Room) 6.13% Cap Rate
INVESTMENT HIGHLIGHTS
- Customers #1 midscale choice at Bakersfield airport
- Historical occupancy consistently above 80%
- Strong reservation and loyalty capture with Wyndham
- Minimal PIP requirement
- Airport zoning and development restrictions provide high barriers to entry
EXECUTIVE SUMMARY
Hotel Brokers of America is pleased to present the La Quinta Inn & Suites – Bakersfield Airport, a turnkey 65 room limited-service hotel strategically located adjacent to Bakersfield Municipal Airport, currently undergoing a major expansion. This stabilized, high-performing property offers investors both strong in-place cash flow and long-term upside potential, making it an attractive opportunity in one of California’s fastest-growing secondary markets.
PROPERTY FACTS
| Price | $10,500,000 | Building Size | 36,642 SF |
| Price Per Room | $161,538 | No. Rooms | 65 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 6.13% | Year Built/Renovated | 2006/2016 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.78/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.72 AC | ||
| Zoning | M-2 | ||
| Price | $10,500,000 |
| Price Per Room | $161,538 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.72 AC |
| Building Size | 36,642 SF |
| No. Rooms | 65 |
| No. Stories | 3 |
| Year Built/Renovated | 2006/2016 |
| Tenancy | Single |
| Parking Ratio | 2.78/1,000 SF |
| Corridor | Interior |
| Zoning | M-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 21 | $169.00 | - |
| Guest Room | 44 | $159.00 | - |
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PROPERTY TAXES
| Parcel Number | 492-200-19-00-1 | Improvements Assessment | $7,231,448 |
| Land Assessment | $811,824 | Total Assessment | $8,043,272 |
PROPERTY TAXES
Parcel Number
492-200-19-00-1
Land Assessment
$811,824
Improvements Assessment
$7,231,448
Total Assessment
$8,043,272
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La Quinta Inn & Suites Bakersfield North | 8858 Spectrum Park Way
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