New Listing
New Listing
BAYMONT INN & SUITES
ANDERSON, CA
Comfort suites - near the galleria
Houston, tx
New Listing
New Listing
BAYMONT INN & SUITES
ANDERSON, CA
Property Information
Dan Hayward of KW Commercial in Roseville, CA has been selected to exclusively market for sale the Baymont Inn & Suites Anderson which is located on Interstate 5, 10 minutes South of Redding, California. The Baymont Inn & Suites boasts a newly renovated, interior corridor building, housing 60 freshly updated rooms. In 2023, the property underwent renovations, resulting in 2,977 rooms being out of order (OOO) as verified by the Property Statistics Report. This presents an instant value-add opportunity for prospective buyers, as the out-of-order rooms are projected to contribute an additional $225,000 in revenue for 2024. With meticulously managed expenses, this investment opportunity offers a competitive 9.75% cap rate on the current operational metrics, delivering exceptional Cash on Cash Returns while aligning with the Debt Coverage Ratio requirements set forth by lenders. Moreover, the absence of on-site ownership further amplifies the potential for the buyer, opening doors to further optimization and enhancement of the property's performance.
Price: $7,600,000
Location: 2040 FACTORY OUTLET DR, ANDERSON, CA 96007
Franchise Type: WYNDHAM HOTELS
Property Type: MIDSCALE
Number of Rooms: 60
Renovation: Complete
Year Built: 1997
Property Information
The Baymont Inn & Suites in Anderson, CA is a 60-room, interior corridor, two-story hotel that has undergone extensive recent renovations, making it a turnkey investment opportunity. The property features newly upgraded stucco exterior, giving it a refreshed and modern curb appeal. Each guest room is well-appointed with a smart flat-screen TV, sitting area, mini-refrigerator, and complimentary Wi-Fi, catering to both business and leisure travelers. Guests also enjoy amenities such as a heated indoor pool, fitness center, guest laundry facilities, and complimentary coffee in the lobby, ensuring a comfortable stay.
The property’s operational efficiencies are bolstered by sustainable energy improvements, including a solar system installed as part of a PACE energy project in 2021, along with LED lighting upgrades. The solar system will be paid off by the seller at close of escrow, providing the new owner with reduced utility costs and an environmentally friendly footprint. Additionally, the hotel qualifies for a rebrand to IHG’s Garner brand, presenting an opportunity to enhance market presence and leverage a globally recognized name. With its strong foundation, modern upgrades, and rebranding potential, the Baymont Inn & Suites is an attractive investment in a growing market.
Price: $6,100,000 or $101,666 a key
Location: 2040 ARBY WAY, ANDERSON, CA 96007
Property Type: MIDSCALE
Number of Rooms: 60
Renovation: Complete
Management Co: Unencumbered
Solar System Debt: Seller to pay off Solar PACE Loan at COE
Deferred Maintenance: None
Year Built: 1997
LISTING UPDATE
The offering
Turn Key Property
As menioned earlier, the Baymont has ungone a complete renovation including but not limited to new solft and hard goods in the rooms, updated lobby and front desk, newly stucco'd exterior, new roof, updated outside seating area and updated breakfast area;Solar system
Solar System - Loan balance to be paid by SELLER at Close of Escrow
Well Maintained Asset
The asset has no deferred maintenance
Unencumbered by Management / Brand Re-Positioning
The Hotel is being offered free and clear of any management encumbrances providing buyer with flexibility with operations.
The Hotel is being offered free and clear of a Solar Loan/PACE Loan encumbrance.
IHG has approved a conversion to Garner Inn & Suites. For more information please ask the Agent.
Exclusively Listed by
Dan Hayward
916-390-4240
danhayward@kw.com
Turn Key Property
As menioned earlier, the Baymont has ungone a complete renovation including but not limited to new solft and hard goods in the rooms, updated lobby and front desk, newly stucco'd exterior, new roof, updated outside seating area and updated breakfast area;Solar system
Solar System
Well Maintained Asset
The asset has no deferred maintenance
Unencumbered by Management / Brand Re-Positioning
The Hotel is being offered free and clear of any management encumberances providing buyer with flexibility with operations.
Choice Hotels has approved a conversion to Quality Inn & Suites. Anticipated (minimal) renovation costs would be signage and brand standard items inside the property.
Investment Sales Contacts
Disclaimer:
Please avoid direct contact with the hotel's staff, management, or vendors regarding additional information or scheduling site visits related to this investment opportunity associated with the Hotel Investments Team.
To obtain comprehensive details about this investment prospect, complete the confidentiality agreement or get in touch with an assigned representative from the Hotel Investments Team. Please be aware that access to specific hotel information is subject to discretionary approval by both the Seller and the Hotel Investments Team. Executing the confidentiality agreement does not establish any specific commitment to provide such information.
While the information provided originates from what is believed to be credible sources, we have not conducted independent verification, thereby being unable to provide any guarantees, warranties, or representations. Any forecasts, opinions, assumptions, or estimations are purely for illustrative purposes and may not accurately depict the current or future performance of the hotel. It is strongly recommended that you and your advisors perform a thorough and independent evaluation of the hotel's suitability for your investment objectives.
Investment Sales Contacts
Disclaimer:
Please avoid direct contact with the hotel's staff, management, or vendors regarding additional information or scheduling site visits related to this investment opportunity associated with the Hotel Investments Team.
To obtain comprehensive details about this investment prospect, complete the confidentiality agreement or get in touch with an assigned representative from the Hotel Investments Team. Please be aware that access to specific hotel information is subject to discretionary approval by both the Seller and the Hotel Investments Team. Executing the confidentiality agreement does not establish any specific commitment to provide such information.
While the information provided originates from what is believed to be credible sources, we have not conducted independent verification, thereby being unable to provide any guarantees, warranties, or representations. Any forecasts, opinions, assumptions, or estimations are purely for illustrative purposes and may not accurately depict the current or future performance of the hotel. It is strongly recommended that you and your advisors perform a thorough and independent evaluation of the hotel's suitability for your investment objectives.
Our hotel Knowledge Is Your Business
Licensed in California | Cal BRE #01349057
Company Information
Company Name: Teocalli Inc
EIN: 81-3887986
office
548 Gibson Dr,
Roseville, CA 95678
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