For Sale
$3,200,000

903 HobsonwayBlythe, CA 92225

49-key hotel, strong ROI, prime location

Overview

Added:
Dec 11, 2024
Days on market:
113
This fee-simple Econo Lodge in Blythe, CA, presents a compelling investment opportunity. The 49-key, two-story hotel, built in 1950 and renovated in 2022, boasts 30,000 square feet on a 1.83-acre lot zoned C2. Its strategic location near Interstate 10 ensures high visibility and easy access for travelers, attracting both leisure and business guests. The property features well-appointed rooms with amenities including free Wi-Fi, flat-screen TVs, mini-fridges, and microwaves. Additional amenities include a complimentary breakfast, an outdoor swimming pool, free parking, and pet-friendly accommodations. A business center and meeting facilities cater to corporate events, further enhancing revenue potential. The hotel's strong financial performance is reflected in its $3,200,000 asking price, $365,787 NOI, and an 11.43% cap rate. Current occupancy stands at 49.7%. Detailed financial records are available for review. Blythe's ongoing development and increasing tourism present significant opportunities for growth through targeted marketing and potential property upgrades. This represents a stable investment in a thriving market with potential for long-term appreciation. The property is available for a 1031 exchange.

Highlights

  • 1. I-10 frontage provides high visibility and easy access.
  • 2. Econo Lodge branding offers established recognition and customer loyalty.
  • 3. Well-maintained property with modern guest rooms and amenities.
  • 4. Amenities include complimentary breakfast, pool, parking, and pet-friendly options; plus a business center.
  • 5. Consistent occupancy from leisure and business travelers.
  • 6. Opportunities for marketing and property upgrades to boost revenue.

Property Details for 903 Hobsonway

Property type
Hospitality properties, Hotels
Square Feet
30,000 SF
Year Built/Renovated
1950/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
79,715 SF

Location Insight

City
Blythe
County
Riverside
State
California
Latitude
33.6107245
Longitude
-114.607065
903 Hobsonway, Blythe, California

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903 Hobsonway
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