Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Ramada by Wyndham Barstow, a three-story, interior corridor hotel conveniently located off Interstate 15 in Barstow, California. The property consists of 148 interior corridor guest rooms, one meeting room with 2,200 sq. ft. meeting space, and an outdoor pool. Barstow is approximately an hour and a half drive from Los Angeles, CA; an hour drive from Ontario, CA; and a two-hour drive from Las Vegas, NV. The city has strong demand drivers, including government, corporate, railroad, freeway traffic, and infrastructure-related activities, in a year-round market. BNSF Railway plans to invest over $1.5 billion in the Barstow International Gateway, a 4,500-acre rail facility in Barstow. It will include a rail yard, an intermodal facility, and warehouses for transloading freight. The hotel benefits from a leading BNSF contract in the U.S., which is guaranteed under an in-room contract. The Ramada by Wyndham Barstow represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market. Our pro forma analysis assumes that the market will continue to be supported by its demand drivers while factoring in a reduced franchise marketing fee. Seller Financing Seller financing is available for a well-qualified buyer with 15% down, subject to the seller's approval. Long Term Ground Lease The Ramada by Wyndham Barstow is located on a ground lease and has approximately 39 years remaining. The lease began on May 10, 1984, and is set to expire on May 9, 2064. The tenant will have an additional option to extend the lease for another 10 years, through May 9, 2074.