3001 Ming Ave. Bakersfield, CA 93304; Hotel & Motel for sale; 2/19
200 Rooms · Hotel & Motel For Sale
Radisson Hotel or Potential Conversion
|Price||$14,900,000||Property Type||Hotel & Motel|
|No. Rooms||200||Property Sub-type||Full Service|
|Building Size||100,000 SF||Property Use Type||Business For Sale|
Hotel Brokers Inc. is pleased to exclusively present the fee simple interest in a totaling 200 rooms and over 15,000 sf in conference space. This recently renovated property has been kept in excellent condition and is primed for repositioning or rebranding to the upscale Delta hotel, Marriott’ s newest full service luxury offering or Hyatt Place or Sheraton. With rebranding the property is conservatively expected to increase Occupancy by 7% to a minimum 65% and ADR to $110.00 which is $5.00 higher than the immediate comp set average. This is assuming current economic conditions which are conservative in light of heavy public and private investments highlighted further in the memorandum of offering.