For Sale
$20,000,000

555 Discreet HotelRidgecrest, CA 93555

100+ Room Hotel, High ROI, Solar Powered

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity: a four-story, 50,000 square foot IHG-branded hotel in Ridgecrest, California. This 100-key property boasts a prime location in Kern County, zip code 93555, generating $3.5 million in gross revenue and $1,190,000 in net operating income (NOI) in 2023, representing a 5.95% cap rate. The asking price is $20,000,000. The hotel features modern amenities including a business center, fitness center, and event space, catering to both business and leisure travelers. A significant advantage is its fully solar-powered system, resulting in reduced operational costs and SBA Green Loan eligibility. The property includes 100 parking spaces. This stabilized investment offers significant growth potential in a high-demand area. Further details available upon request and execution of a non-disclosure agreement. Principal only.

Highlights

  • Prime location in high-demand Ridgecrest, CA (93555).
  • 100-key IHG-branded hotel.
  • $3.5M gross revenue in 2023.
  • $1.19M net operating income (NOI) in 2023, 5.95% cap rate.
  • Fully solar-powered, SBA Green Loan eligible.
  • Modern amenities including business center, fitness center, and event space.

Property Details for 555 Discreet Hotel

Property type
Hospitality properties, Hotels
Square Feet
50,000 SF
Stories
4

Location Insight

City
Ridgecrest
County
Kern
State
California
Latitude
35.5897118
Longitude
-117.6904167
555 Discreet Hotel, Ridgecrest, California

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555 Discreet Hotel
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