709172 | California USA 4* Hotel 9% Cap Rate Reduced 10.5 M

California USA 4* Hotel 9% Cap Rate Reduced 10.5 M  130+Keys Building Size: 90,000 + SF , This is a full service hotel with restaurant, banquet room, conference room, fitness center, swimming pool, laundry room and large parking lot with 160+ spaces. 

HOTEL SELLING AT A LOSS !

Original Purchase Price: $45.0 Million
Purchase Price now: $ 34.440.000

Cap Rate: 9%

Building Size: 90,000 + SF
No. Stories: 3+, Price Per Room: $232,624  Average Daily Rate: $180.00    
Building Class: B        
 
INVESTMENT HIGHLIGHTS
90,000+ SF Hospitality Building
Low density Luxury Brand Hotel with 130+ guest rooms. This is a full service hotel with restaurant, banquet room, conference room, fitness center, swimming pool, laundry room and large parking lot with 160+ spaces. 
Large luxury lobby on ground floor. 
The Hotel ranks No. 1 in California  and No. 8
At previously offered price of $45M Cap Rate is at a 6.53%.
Cap is now close to 9% with the discounted price of $34.440.000

We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer.