24412 Sunnymead Blvd - Hospitality FOR SALE


Moreno Valley, CA 92553- Edgemont Gardens
$6,999,000 USD
661-816-1141
24412 Sunnymead Blvd, Moreno Valley, CA for Sale
$6,999,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

24412 Sunnymead Blvd
Moreno Valley, CA 92553
Edgemont Gardens


HIGHLIGHTS

  • 24412 Sunnymead Boulevard is home to Econo Lodge Moreno Valley, a 54-key choice hotel.
  • The hotel's strategic location appeals to travelers looking for budget-conscious yet convenient stays.
  • An investor's opportunity to join the profitable Choice hotel franchise and implement upside via operational improvements.
  • For more information, please provide a signed NDA and Proof of Funds.

OVERVIEW

The Econo Lodge Moreno Valley Hotel is pleased to be presented to the market as a prime investment opportunity. The 54-key Choice hotel spans 20,530 square feet on a 35,284-square-foot Commercial zoned parcel. The hotel generates an annual gross income of $1,250,000 and an annual net income of $400,000 before management payment. Investors are presented with operational upside opportunities. The underperforming hotel is due to mismanagement, leaving room for significant revenue growth with new oversight and strategic upgrades. With the hotel already seeing a steady income stream of $1.25M annually, there is clear potential to increase profits through revised management and marketing. Renovate and reposition the property to attract a broader clientele, while also maximizing occupancy rates and operational efficiency. Econo Lodge Moreno Valley is situated off the Moreno Valley Freeway, which makes it highly visible and accessible. It is within walking distance of budget-friendly dining and less than a mile from Sunnymead Park. It is also close to shopping, entertainment, and outdoor recreation. This pet-friendly Econo Lodge® is known for its convenience and affordability, offering comfortable accommodations ideal for both leisure and business travelers. The hotel's strategic location appeals to travelers looking for budget-conscious yet convenient stays. The Choice Franchise Agreement is active through 2029 with 8.5% royalty fees. With experienced leadership and targeted investment, this property offers substantial room for revenue growth, making it a high-value addition to your portfolio. Don’t miss this opportunity to own a profitable hotel in a growing area. Contact us today for more details or to schedule a tour. Please do not inquire on-site without listing brokers present. For more information, please provide a signed NDA and Proof of Funds.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$341 USD /SF

# OF ROOMS

54

PRICE/ROOM

$129,611 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Moreno Valley

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C1

APN/PARCEL ID

481-101-040

ASK ABOUT THIS PROPERTY

Houmehr Mike PanoussiLiberty Business AdvisorsMore Info
661-816-1141

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

Houmehr Mike PanoussiLiberty Business AdvisorsMore Info
661-816-1141

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