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555 N Centre City Parkway - Quality Inn & Suites, Escondido, CA

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555 N Centre City Parkway - Quality Inn & Suites

Escondido, CA 92025 - Escondido Submarket

Property Type:Hospitality Number of Rooms:83 Status:Existing Year Built:1974
Stories:2 Building Size:24,015 SF Land Area:1.53 AC (66,647 SF)
For Sale Price:$6,490,000 Price/Room:$78,193 Cap Rate:4.76 %

Parking:4.25 Parking Spaces / 1,000 SF

This property is a 2-story, 3-building motel, with 83 units, 4 of which are jacuzzi suites, and an outdoor swimming pool.

This property will be undergoing a remodel September 1 2011 that will be completed November 1. The remodel will include the replacement of all furniture, an expansion of the offices, and a resurfacing of the parking lot. At that time, the property will become a Quality Inn & Suites.

Sale Notes:
The Quality Inn & Suites Escondido is an 77-unit, exterior-corridor, two-story limited service hotel in Escondido, CA.
The hotel was built in January of 1967 and has just completed a renewal of agreement PIP form Choice Hotels International, the hotel will be delivered with a very minimal PIP to the new buyer. Both the interior and exterior has been completely been upgraded. The hotel sits on 1.53 acres and is off Interstate 15 and Highway 78 in beautiful North County, San Diego. The Amenities at the hotel include an outdoor pool & hot tub, business center, complimentary breakfast and high-speed wireless internet access throughout the common space and guest rooms. The spacious guest rooms feature televisions, microwaves, refrigerators, sitting areas and work desks.

The Quality Inn & Suites Escondido is minutes away from San Diego Zoo Safari Park, LEGOLAND California, SeaWorld San Diego, Lake Wholford, Ferrara Winery, Cordiano Winery, Stone Brewing Company, and Tijuana, Mexico. Guests can enjoy a wide array of outdoor activities, including fishing, biking, basketball, hiking, ice skating and tennis. Several golf courses and beaches are in the area. Numerous restaurants, cocktail lounges, movie theaters and grocery stores are within walking distance.

Marcus & Millichap
Sarhan Mheni
(818) 212-2807

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