Holiday Inn Express – Calexico

2501 Scaroni Road, Calexico, CA 92231

Hotel / Motel For Sale

Price:: $6,500,000
No. Rooms:: 73
Building Size:: 40,000 SF
Price/Room:: $89,041.10
Property Type:: Hotel & Motel
Property Sub-type:: Full Service
Property Use Type:: Investment

Cap Rate:: 7.30%
Average Daily Rate:: $93
Year Built:: 2003
Corridor:: Interior
Lot Size:: 1.38 AC
Listing ID: 18591986
Last Updated: 14 days ago

Attachments

Brochure & Financials

Highlights

New Design has been approved by IHG.
The selling price may vary: Prospective Buyer do PIP to satisfy IHG, the price will be $6,600,000
Seller do the PIP on his own cost, the price will be $7,300,000

Description

” Situated in Calexico, the property is in a rural location and
close to San Diego State University Imperial Valley Campus,
Rockwood Plaza, and Calexico Community Center.
” The property is situated on Hwy 111, only two miles from the
US – Mexico border. This makes it the ideal place to stay while
exploring nearby Mexicali Industrial Parks, El Centro NAFTA
(North American Free Trade Association), or Imperial Valley
Renewal Energy.

” The property has been remodeled recently with over 1 million
dollars, and the design has been approved by IHG Group.
” The current Owner has got a all-new 10-years franchise
contract with Holiday Inn Express, which means the
prospective buyer, who will take subject property over, will
not have to pay tons of money to beg for a flag.