Property Description
Passport Advisory Group is pleased to offer, on an exclusive basis, the
sale of the Quality Inn Downtown Sacramento ("Hotel" or "Property")
located in Sacramento, California. The 40-room hotel opened is situated on 0.35 acres of fee-simple land. The Hotel is within
walking distance of the California State Capital and is being offered
unencumbered by management and is in good physical condition.
Listing Price: $2,690,000 or $67,250 a room
Key Investment Highlights
- Seller Financing Available
- Attractive seller financing is available to qualified investors with an approximately 30% down payment;
- Highly Motivated Seller
- Being offered as an all-cash sale by the owner, potential buyers are
presented with a tremendous opportunity to take control of this cash
flowing asset with the seller highly motivated to sell;
- Market Leader - ; Through the November 2011 Trailing 12 Month ("T12") period, the Hotel has achieved occupancy and RevPAR penetration indices levels of 121.5% and 107.9%, respectively;
- Excellent Downtown Location - The Hotel is strategically located one block from the Sacramento Convention Center and near the California State Capital Building;
- Significant Barrier-to-Entry - The
downtown Sacramento lodging market provides significant barriers-to-entry in the form of the lack of available land for development in the downtown market;
- Unencumbered by Management - The Property is being offered unencumbered of management.
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