For Sale
$16,900,000

7941 Brundage LnBakersfield, CA 93307

94-Room Hotel, High NOI, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 94-key Hampton Inn & Suites Bakersfield/Hwy 58, a four-story, 44,779-square-foot hotel built in 2009. Situated on a 2.17-acre lot in Kern County, CA (APN: 173-020-58-00-6), this property boasts a prime suburban location near major transportation arteries. The hotel features a business center, fitness center, meeting/event space (675 sq ft), a pool, and room service, catering to both business and leisure travelers. Financial performance is strong, with a Net Operating Income (NOI) of $1,309,000 and a compelling 7.75% capitalization rate based on an asking price of $16,900,000. The hotel's strong occupancy rate and competitive Average Daily Rate (ADR) contribute to a RevPAR well above average, indicating efficient revenue generation. This Hilton franchise enjoys a consistently high occupancy rate and generates a gross revenue of $3.1 million. The property is zoned M2 and offers a well-maintained, high-performing asset in a growing market, making it an ideal addition to any investment portfolio. This is a principal-only offering.

Highlights

  • 94-key Hampton Inn & Suites Bakersfield/Hwy 58, built in 2009.
  • Four-story, 44,779-square-foot hotel on a 2.17-acre lot in Kern County, CA (APN: 173-020-58-00-6).
  • Prime suburban location near major transportation arteries.
  • Features include a business center, fitness center, 675 sq ft meeting space, pool, and room service.
  • Strong financial performance with $1,309,000 NOI and a 7.75% cap rate at $16,900,000 asking price.
  • High occupancy rate, competitive ADR, and above-average RevPAR.

Property Details for 7941 Brundage Ln

Property type
Hospitality properties, Hotels
Square Feet
44,779 SF
Year Built
2009
Buildings
1
Stories
4
Lot Size (sq. ft)
94,525 SF

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.3536987
Longitude
-118.9156067
7941 Brundage Ln, Bakersfield, California

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7941 Brundage Ln
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