For Sale
$4,895,000

5 Sutter St Red Bluff, CA 96080

Profitable CA Hotel, 50 Keys, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents the Days Inn Red Bluff, a 50-key hotel boasting a strong financial performance and significant recent renovations. Located at 5 Sutter St, Red Bluff, CA 96080, this two-story, 57,935 square foot property sits on a 57,935 square foot lot and offers a compelling return on investment. The hotel underwent a complete $2,250,000 renovation in late 2021, encompassing all guest rooms (including bathrooms, beds, TVs, plumbing, electrical, and flooring), the lobby with an upgraded breakfast area and business center, the addition of a new pool and gym, and the creation of on-site manager's quarters. Currently operating at a 72% occupancy rate, the property generates a Net Operating Income (NOI) of $430,000, translating to an 8.78% cap rate. Pro forma projections indicate a significant increase in NOI to $600,000 and a 12.26% cap rate, reflecting the property's growth potential. The asking price is $4,895,000, or $97,900 per key. The property benefits from excellent highway visibility and the potential for expansion, with an adjacent one-acre plus vacant lot also available for purchase. This fee-simple ownership presents a rare opportunity to acquire a stabilized, high-performing hotel in a desirable California location. The property is classified as a stabilized investment.

Highlights

  • 50-key Days Inn Red Bluff hotel with excellent highway visibility.
  • Significant recent $2.25M renovation including all guest rooms, lobby, breakfast area, business center, pool, and gym.
  • Currently operating at 72% occupancy with a $430,000 NOI and 8.78% cap rate; pro forma projections show $600,000 NOI and 12.26% cap rate.
  • Asking price: $4,895,000 ($97,900 per key).
  • Adjacent one-acre vacant lot available for purchase, offering expansion potential.

Property Details for 5 Sutter St

Property type
Hospitality properties, Motels
Square Feet
57,935 SF
Year Renovated
2022
Buildings
1
Stories
2

Location Insight

City
Red Bluff
County
Tehama
State
California
Latitude
40.1528909
Longitude
-122.2226218

FAQs

What type of property is this?
Hospitality property - Profitable CA Hotel, 50 Keys, High Occupancy
Where is the hospitality property located?
The property is located at 5 Sutter St Red Bluff, CA.
What is the asking price?
The asking price for this property is $4,895,000.
What are key features of this property?
This property features: 50-key Days Inn Red Bluff hotel with excellent highway visibility.; Significant recent $2.25M renovation including all guest rooms, lobby, breakfast area, business center, pool, and gym.; Currently operating at 72% occupancy with a $430,000 NOI and 8.78% cap rate; pro forma projections show $600,000 NOI and 12.26% cap rate.
How can I contact the broker?
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5 Sutter St
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