Holiday Inn Selma-Swancourt | 2950 Pea Soup Anderson Blvd
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Holiday Inn Selma-Swancourt 2950 Pea Soup Anderson Blvd
114 Room Hotel Selma, CA 93662 $29,893,499 CAD ($262,224 CAD/Room)
Investment Highlights
- 115 Unit, Interior Corridor Property
- Revenue Multiplier: 3.3X,
- Prime Location on Major Travel Corridor between Northern and Southern California
- Three Profitable Businesses - Hotel, Restaurant, and Triple-Net Leased Office Building, 6.64 (+/-) Total Acreage
- Total 2023 Revenue: $6,348,200; Total 2023 Net Operating Income: $1,681,700
- No Property Improvement Plan (PIP) Pending
Executive Summary
The Holiday Inn Selma-Swancourt is a 115 unit, 3-story hotel with interior corridors and elevator. It has a prime location with great visibility from both directions of the Golden State Freeway, U.S. 99, which is a major travel corridor between Northern and Southern California. The hotel has an outdoor pool and spa, fitness center, EV Charging stations, and comfortable guestrooms with flat screen TVs, microwaves, and refrigerators. It is surrounded by beautifully landscaped grounds that include a pond with wildlife.
There is also a restaurant, Legends Tap House & Grill, located on site. It serves breakfast, lunch, and dinner and is popular with locals and tourists. The restaurant is highly successful and had a net operating income of $628,600+ in 2023.
Also included in the sale is a 1,860 SF (+/-) office building with a triple-net lease. In 2023, lease revenue was $35,400+.
There is also a restaurant, Legends Tap House & Grill, located on site. It serves breakfast, lunch, and dinner and is popular with locals and tourists. The restaurant is highly successful and had a net operating income of $628,600+ in 2023.
Also included in the sale is a 1,860 SF (+/-) office building with a triple-net lease. In 2023, lease revenue was $35,400+.
Property Facts
| Price | $29,893,499 CAD | Building Size | 58,473 SF |
| Price Per Room | $262,224 CAD | No. Rooms | 114 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1995/2005 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 3.79 AC | Corridor | Interior |
| Price | $29,893,499 CAD |
| Price Per Room | $262,224 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.79 AC |
| Building Size | 58,473 SF |
| No. Rooms | 114 |
| No. Stories | 3 |
| Year Built/Renovated | 1995/2005 |
| Tenancy | Single |
| Parking Ratio | 0.86/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $286.12 CAD | - |
| Guest Room | 99 | $214.95 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,799,408 CAD | |
| Land Assessment | $733,611 CAD | Total Assessment | $11,533,019 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$733,611 CAD
Improvements Assessment
$10,799,408 CAD
Total Assessment
$11,533,019 CAD
zoning
| Zoning Code | C3 |
| C3 |
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Holiday Inn Selma-Swancourt | 2950 Pea Soup Anderson Blvd
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