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Best Western Bakersfield - Bakersfield

Property DescriptionOffering MemorandumDue Diligence
Main image Off Market
Located: Bakersfield , California
Offering Price: $9,950,000.00
Net Operating Income: $852,153.00
Financing: New Financing Required
Room Revenue: $2,750,000.00
Renovated: Design Review in Process
Number of Units: 199
Land Area: 4.86 acres +/-
Built: 1965


Summary

Swoboda Hospitality Specialists has been retained as Exclusive Agent for Asho Associates, Inc., (the “Seller”). The Best Western Crystal Palace Inn & Suites full-service Bakersfield, California hotel is located minutes away from the Buck Owens Crystal Palace, the Famoso Drag Raceway and Cal State University of Bakersfield, where guests enjoy an array of amenities, guest rooms, and friendly customer service. Located just off the highway in Central California, the Best Western Crystal Palace Inn & Suites features 199 well-appointed guest rooms and suites. The Best Western Crystal Palace Inn & Suites is ideally located right next door to the Buck Owens Crystal Palace and less than five miles from the Bakersfield Convention Center and the Bakersfield Centennial Gardens. Great Upside for Hands On Operator as property is operating at 20% below Competitive Set.

Highlights

  • $2,000,000 PRICE REDUCTION
  • 199 guest rooms - 300 Capacity Meeting Facilities-Restaurant & Lounge
  • Great Upside Potential Operating 20% below Competitive Set
  • $55,000 Per Room.

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Licensed in:

Arizona - LC554451000

California - 01522610

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Idaho - LC31934

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New Mexico - 17154


Nevada - 24423

New York - 10351206190

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Texas - 0573462


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