Property details
California Oceanfront Hotels For Sale, Pacific West Region
Property Description
California Oceanfront Hotels For Sale
Two Oceanfront Hotels
Two Separate Owners.
One located in Northern CA, one in Southern CA.
Both have 100 rooms.
Both are beachfront.
Both are on the high end of values.
Both are prime location diamonds that can be polished further.
Both have opportunity to enhance revenues.
Both are priced at $100M each.
Both are turnkey and fully operational.
The Northern CA hotel is priced at a 4.00% Cap Rate and has retail that can be repositioned for further upside.
The Southern CA hotel is priced at a 5.00% Cap Rate.
Both are unflagged and can be delivered management free.
Buyer responsible for 1.00% commission.
Images
Highlights
- Status:
- Available
- Price:
- $100,000,000
- Cap Rate:
- 5.00%
Property Information
- Property Type:
- Hotel
- Industry Type:
- Hotel - Motel - Inn
- Units/Spaces:
- 100
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.