20 Pacheco BlvdLos Banos, CA 93635

This fee-simple 66-key La Quinta Inn & Suites by Wyndham Los Banos, located at 20 W Pacheco Blvd, Los Banos, CA 93635, presents a compelling investment opportunity. Boasting 20,464 square feet on a 1.41-acre lot, this two-story hotel, built in 2003, offers 44 parking spaces per key. The property features a strong 7.04% cap rate and currently enjoys 100% occupancy. The asking price is $9,950,000, translating to $486 per square foot and $150,757.58 per key. The hotel benefits from its prime location near downtown Los Banos, retail centers, dining, and recreational areas like San Luis Reservoir. The property includes modernized public spaces, meeting facilities, and amenities such as complimentary breakfast, a fitness center, and an outdoor pool. Significant air rights of 61,419 square feet are also available. The land value is $162 per square foot. The property is zoned for commercial use and is available for a 1031 exchange. The current franchise agreement is nearing its end, presenting an opportunity for a new owner to negotiate a favorable agreement with La Quinta by Wyndham, potentially lowering operational costs while maintaining brand standards. This turnkey operation is ideal for experienced hospitality investors or those seeking a branded property with growth potential in a thriving market. The property's strong performance history and high occupancy rate indicate a stable and potentially lucrative investment. The APN is 026-032-052-000.