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#Business ID: 20563

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Remodeled & Upgraded Best Western Hotel!

Business Location: Riverside, California, United States

Asking Price: $ 8,800,000 Revenue: $ 1,267,894 Cash Flow: $ 438,175

Business Summary

Complete Remodeled Upgraded Best Western!
Great Location Best Western Property In The Midst Of Tourist Attractions - $8,800,000!

Primary Features:
* Best West Hotel Located Near Palm Springs!
* Beautiful Property At Day!
* A Wonderful Sight At Night With Lights On!
* Easy Access To Freeways!
* Close By Golf Course & State Park!
* Many Attractions Close By!
* AAA 3-Diamond Rating Hotel!
* Full Service & Amenities Lodging!
* Property Undergone $2M Upgrade!
* Totally Remodeled In 2011!
* Lot Size About 93,300 Square Feet!
* Building Size About 53,000 Square Feet!
* Total 126 Hotel Rooms!
* Including 48 Suites!
* Each Suite Has Its Own Mini-Bar!
* Conference Room Over 2,300 Square Feet!
* Conference Room Has Up To 300 Capacity!
* Two Meeting Rooms Sitting 20 – 25 People Each!
* One Manager Rom!
* Full Kitchen And Storage Room Available! For Guest Use!
* Restaurant Upto 90 Sitting Capacity!
* Two Elevators To Guest Rooms!
* Total 129 Parking Spaces!
* Free Hi-Speed Internet Service!
* Swimming Pool & Spa Tub & Fitness Center!
* Truck Or RV Parking Available!
* Just Entered A Long Term Contract With A Local Government Agency!
* A Hotel Brand You Trust!

Benefits:
* Famous Hotel Brand Name – Best Western!
* Very Well Established Business!
* Long Term Rental Contract With Corporate Accounts!
* Great Location Easy Access To Freeways!
* Museum, Art Center And Fun Park In The Area!
* Shopping Malls And Golf Course Close By!
* Wonderful Location For Families And Tourist Group!
* 14 Restaurants & Fast Food Chains Within 2 Miles!
* Free Parking For RV & Truck Owners!
* Outdoor Swimming Pool!
* Fully Equipped Meeting Conference Rooms!
* Great For Business Stay!
* Each Room Features All Necessities Amenities!
* Free Breakfast!
* Free Wi-Fi Internet!
* Five Star Guest Reviews!

Financials:
* Operating Expenses: $804,361
* Cap Rate: 4.98%
* Vacancy Factor: 2%
* No. Of Rooms: 126
* No. Stories: 3

BIZ Analysis/ Recommendations:
Call Your Representative Today At 1-800-727-2100 Option 1 [Real Estate Department].

Property Details

Size:

Lot Size: 93,218 Sq Ft. Building Size: 53,022 Sq Ft.

Years Established:

1988

Property Type:

Lease

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