For Sale
$7,495,000

6090 N Blackstone Ave Fresno, CA 93710

58-room hotel, extensively renovated, high NOI.

Overview

Added:
Jan 28
Days on market:
80
This exceptional investment opportunity presents the Days Inn Fresno, California, a two-story, exterior-corridor hotel boasting 58 guest rooms. Strategically located off Highway 41 in Central California, this property benefits from its proximity to key demand generators including Fresno Yosemite International Airport (FAT), California State University Fresno, and major medical centers like St. Agnes and Kaiser Permanente. The hotel underwent extensive renovations in 2021, encompassing complete upgrades to guest rooms, bathrooms, and public areas, ensuring a modern and comfortable guest experience. Financial performance is strong, with a 2023 gross room revenue of $1,521,252 (inclusive of group contracts) and a Net Operating Income (NOI) of $640,870. The hotel's location within Fresno offers easy access to local attractions such as Forestiere Underground Gardens, Fresno Chaffee Zoo, and the vibrant Tower District, catering to both business and leisure travelers. Its central location also provides convenient access to dining, shopping, and entertainment options. Furthermore, its proximity to Yosemite National Park (64 miles) and Sequoia National Park (75 miles) presents significant potential for attracting tourists. This Days Inn represents a compelling investment opportunity in a thriving market with strong revenue generation and significant upside potential. The property's recent renovations and prime location position it for continued success and strong returns.

Highlights

  • 58-room, 2-story hotel with exterior corridors, recently renovated.
  • Prime location near Fresno Yosemite International Airport and California State University, Fresno.
  • 2023 NOI of $640,870 and gross room revenue of $1,521,252.

Property Details for 6090 N Blackstone Ave

Property type
Hotels, Hospitality properties
Square Feet
19,716 SF
Price / Square Foot
$380.15
Year Built/Renovated
1963/2021
Buildings
1
Stories
2
Elevators
N/A
Units
58

Location Insight

City
Fresno
County
State
California

FAQs

What type of property is this?
Hotel - 58-room hotel, extensively renovated, high NOI.
Where is the hotel located?
The property is located at 6090 N Blackstone Ave Fresno, CA.
What is the asking price?
The asking price for this property is $7,495,000.
What are key features of this property?
This property features: 58-room, 2-story hotel with exterior corridors, recently renovated.; Prime location near Fresno Yosemite International Airport and California State University, Fresno.; 2023 NOI of $640,870 and gross room revenue of $1,521,252.
How can I contact the broker?
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6090 N Blackstone Ave
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