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25-Room Econo Lodge Needles 625 W Broadway St 25 Room Hotel Needles, CA 92363 $599,000 ($23,960/Room)
Investment Highlights
- Priced to Sell
- Econolodge Branded
- 25-Room Hotel
Executive Summary
We are proud to present for sale this 25-room Econo Lodge, which has been aggressively priced for a quick sale. This is an excellent opportunity for new ownership to acquire a clean, well-maintained hotel that is ready for continued operation.
Ideal for a hands-on investor or owner/operator, this manageable 25-room hotel provides an opportunity to implement more active management strategies, improve overall operations, increase occupancy and room rates, and ultimately increase profitability. New ownership may also have the opportunity to re-brand the hotel or operate it as an independent hotel, providing additional flexibility for the future.
Ideal for a hands-on investor or owner/operator, this manageable 25-room hotel provides an opportunity to implement more active management strategies, improve overall operations, increase occupancy and room rates, and ultimately increase profitability. New ownership may also have the opportunity to re-brand the hotel or operate it as an independent hotel, providing additional flexibility for the future.
Property Facts
| Price | $599,000 | Building Size | 9,076 SF |
| Price Per Room | $23,960 | No. Rooms | 25 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1951 |
| Property Subtype | Hotel | Parking Ratio | 0.77/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.36 AC | Opportunity Zone |
Yes
|
| Zoning | GC - General Commercial | ||
| Price | $599,000 |
| Price Per Room | $23,960 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 9,076 SF |
| No. Rooms | 25 |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.77/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $75.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0186-112-21 | Improvements Assessment | $371,200 |
| Land Assessment | $85,337 | Total Assessment | $456,537 |
Property Taxes
Parcel Number
0186-112-21
Land Assessment
$85,337
Improvements Assessment
$371,200
Total Assessment
$456,537
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25-Room Econo Lodge Needles | 625 W Broadway St
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