Howard Johnson by Wyndham Ridgecrest | 831 N China Lake Blvd
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Howard Johnson by Wyndham Ridgecrest 831 N China Lake Blvd
23 Room Hotel Ridgecrest, CA 93555 $2,388,960 CAD ($103,868 CAD/Room) 8.89% Cap Rate
Investment Highlights
- Absentee run Hotel with significant upside for owner/operate to lease or buy
Executive Summary
Rad Hospitality Group presents the exceptional Hotel opportunity with operational upside for sale or lease:
***Seller financing is available ***
*Situated somewhat to the north of the downtown area, the Howard Johnson hotel offers a remarkable investment opportunity. With its excellent position, it provides easy access to several notable landmarks, encompassing Town City Hall. Additionally, it is well located close to a number of important landmarks, such as the picturesque China Lake Golf Course, the Death Valley Tourist Center, the China Lake Naval Air Weapons Station, the Kerr McGee Community Center, and the Desert Empire Fairgrounds.
The famous Death V Alley National Park and the Red Rock Canyon State Park. This property has 23 cozy guest rooms as well as living quarters with two bedrooms, a fully equipped kitchen, a cozy living area, and a shared bathroom.
A typical apartment also has a completely furnished kitchen, a comfortable living area, one bedroom, and one bathroom. The motel has a two-story external corridor architecture that evokes 1949. It also has a restaurant and extra fee-simple property.
*This Howard Johnson Motel has been upgraded with recent renovations.
* It consists of a restaurant and extra fee-simple land to build residential dwelling
This Howard Johnson Motel has undergone an upgrade, guaranteeing visitors a contemporary and cozy stay
** Given recent PIP complete, hotel has not experienced the full potential operationally
** It’s a perfect business for Owner-operator
** Cost of operation is higher because is currently run as fully absentee.
** Restaurant and apartment have been rented/leased for $3500 a month
***Seller financing is available ***
*Situated somewhat to the north of the downtown area, the Howard Johnson hotel offers a remarkable investment opportunity. With its excellent position, it provides easy access to several notable landmarks, encompassing Town City Hall. Additionally, it is well located close to a number of important landmarks, such as the picturesque China Lake Golf Course, the Death Valley Tourist Center, the China Lake Naval Air Weapons Station, the Kerr McGee Community Center, and the Desert Empire Fairgrounds.
The famous Death V Alley National Park and the Red Rock Canyon State Park. This property has 23 cozy guest rooms as well as living quarters with two bedrooms, a fully equipped kitchen, a cozy living area, and a shared bathroom.
A typical apartment also has a completely furnished kitchen, a comfortable living area, one bedroom, and one bathroom. The motel has a two-story external corridor architecture that evokes 1949. It also has a restaurant and extra fee-simple property.
*This Howard Johnson Motel has been upgraded with recent renovations.
* It consists of a restaurant and extra fee-simple land to build residential dwelling
This Howard Johnson Motel has undergone an upgrade, guaranteeing visitors a contemporary and cozy stay
** Given recent PIP complete, hotel has not experienced the full potential operationally
** It’s a perfect business for Owner-operator
** Cost of operation is higher because is currently run as fully absentee.
** Restaurant and apartment have been rented/leased for $3500 a month
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Restaurant
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $197.66 CAD | - |
| Guest Room | 18 | $162.11 CAD | - |
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Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $207,171 CAD | |
| Land Assessment | $1,286,271 CAD | Total Assessment | $1,493,442 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,286,271 CAD
Improvements Assessment
$207,171 CAD
Total Assessment
$1,493,442 CAD
zoning
| Zoning Code | C |
| C |
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Howard Johnson by Wyndham Ridgecrest | 831 N China Lake Blvd
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