216 W Ventura Ct - Hospitality FOR SALE


Kingsburg, CA 93631
$10,500,000 USD
909-456-3481
216 W Ventura Ct, Kingsburg, CA for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

216 W Ventura Ct
Kingsburg, CA 93631


HIGHLIGHTS

  • Well-Appointed, Three-Story, Marriott-Branded Hotel Renovated in 2019
  • Located off of State Highway 99 in Central California | Transient Demand
  • Kingsburg is Surrounded by Several Wineries and is Home to the Kingsburg Swedish Festival, which Draws ~25,000 People Annually
  • 20 Miles from Fresno, a Gateway to National Parks and Home to CSU Fresno (23k+ Enrollment) and Several Attractions

OVERVIEW

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 Fairfield Inn & Suites Selma Kingsburg, a three-story hotel located in Kingsburg, California. Renovated in 2019, the property consists of 86 interior corridor guest rooms, a heated outdoor pool & spa, fitness center, business center, complimentary breakfast buffet, The Market shop, and 276 square feet of meeting and event space. The Fairfield Inn & Suites Selma Kingsburg is located along State Highway 99 in Central California. It is surrounded by several wineries, with demand coming primarily from transients. Kingsburg is approximately 20 miles south of Fresno, which is a gateway to national parks and home to a university, zoo, festivals, and several other attractions. The Fairfield Inn & Suites Selma Kingsburg represents an opportunity to acquire a Marriott-franchised hotel in a stable market. Our pro forma analysis assumes the benefits of Property Improvement Plan (PIP) completion and continued modest growth, supported by the increasing population and demand growth in the Central California region.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$204 USD /SF

# OF ROOMS

86

PRICE/ROOM

$122,093 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Selma Kingsburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2010

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

CH

APN/PARCEL ID

394-042-09

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.