Baymont Monterey Park | 434 Potrero Grande Dr
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Baymont Monterey Park 434 Potrero Grande Dr
87 Room Hotel Monterey Park, CA 91755 $19,100,205 CAD ($219,543 CAD/Room) 4.44% Cap Rate
Investment Highlights
- Prime location in the city
- Good rating hotel on major travel booking platforms
- Convenient traffic accessibility
Executive Summary
Exceptional Investment Opportunity: Fully Remodeled Hotel with Restaurant
Step into the hospitality market with confidence by acquiring this premier hotel, a gem nestled in the bustling core of the city. The hotel, recently remodeled in 2022, spans three expansive levels, offering a substantial 43,050 square feet of modern, stylish guest space. It stands proudly on a 26,650 square foot property, affording guests luxurious comfort and unmatched facilities.
Guests are welcomed with ample parking options, including 87 covered spaces that provide protection from the weather, alongside 7 additional surfaced spots for easy access. The hotel's allure is further elevated by an independent, sophisticated restaurant that promises a culinary journey for both guests and locals.
Highlights of the Property:
Strategic urban location with superb city center access
Exceptional connectivity to local transit for effortless guest transportation
Stellar reputation across major travel booking platforms, signifying top-tier guest experiences
This hotel is not just a building but a statement in the cityscape, offering a ready-to-go business prospect for serious investors or hoteliers aiming to cement their presence in the hospitality industry.
Step into the hospitality market with confidence by acquiring this premier hotel, a gem nestled in the bustling core of the city. The hotel, recently remodeled in 2022, spans three expansive levels, offering a substantial 43,050 square feet of modern, stylish guest space. It stands proudly on a 26,650 square foot property, affording guests luxurious comfort and unmatched facilities.
Guests are welcomed with ample parking options, including 87 covered spaces that provide protection from the weather, alongside 7 additional surfaced spots for easy access. The hotel's allure is further elevated by an independent, sophisticated restaurant that promises a culinary journey for both guests and locals.
Highlights of the Property:
Strategic urban location with superb city center access
Exceptional connectivity to local transit for effortless guest transportation
Stellar reputation across major travel booking platforms, signifying top-tier guest experiences
This hotel is not just a building but a statement in the cityscape, offering a ready-to-go business prospect for serious investors or hoteliers aiming to cement their presence in the hospitality industry.
Property Facts
| Price | $19,100,205 CAD | Lot Size | 1.01 AC |
| Price Per Room | $219,543 CAD | Building Size | 44,088 SF |
| Sale Type | Investment | No. Rooms | 87 |
| Cap Rate | 4.44% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1983/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.13/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $19,100,205 CAD |
| Price Per Room | $219,543 CAD |
| Sale Type | Investment |
| Cap Rate | 4.44% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 44,088 SF |
| No. Rooms | 87 |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2022 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 87 | $168.36 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,252,807 CAD | |
| Land Assessment | $2,221,330 CAD | Total Assessment | $11,474,137 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,221,330 CAD
Improvements Assessment
$9,252,807 CAD
Total Assessment
$11,474,137 CAD
zoning
| Zoning Code | M, Monterey Park |
| M, Monterey Park |
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Baymont Monterey Park | 434 Potrero Grande Dr
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