The 78 Key Motel 6 & Studio 6 Vallejo, CA – Napa Valley offers a significant value-add opportunity in stabilizing the current operations to further establish comp set ranking. The property was acquired as a non-operating Travelodge in 2022 for $7,700,000 and underwent extensive renovation to Motel 6 Gemini standard over the course of a year. The bulk of the renovation was completed in May 2023 with the final PIP completion letter from G6 Hospitality in August 2024. The property consists of 40 rooms on the Motel 6 side and 38 rooms on the Studio 6 side. Additionally, it features an on-site 3-bedroom, 2-bath manager suite and a restaurant in a separate building. The restaurant is currently leased to an operator doing business as Kehaulani’s Café, which pays $4,700 per month as of July 2024 under a 5-year lease term. The property’s current room revenue offers significant opportunity for growth, with 2023 revenues of $1,365,281 despite the first 5 months of partial operation status during PIP completion. In 2023 the property ranked 3 of 5 in Comp set RevPAR on the Motel 6 side and 6 of 7 on the Studio 6 half. STR indicates a slight pull back in YOY RevPAR growth throughout the submarket in 2024 but forecasts a 9.2% YOY growth in submarket Economy RevPAR in 2025. The property is currently non-owner operated, which presents additional opportunity for a local operator to scale costs across their local portfolio or implement an owner-user management structure to increase the bottom line. The acquisition of this property provides an excellent opportunity to acquire a newly renovated hotel at a discount to local price per key salecomps while maintaining a market appropriate revenue multiple and double-digit cash on cash returns based on available financing options. Please do not contact the staff, ownership, or manager of the hotel to request information or tour the property. Instead, contact broker toarrange by appointment only. Ryan Kawai Sanchez Matthews™ Hospitality Direct +1 949 287 5854 | Mobile +1 714 330 3976 Ryan.Sanchez@matthews.com David Harrington License No. 02168060 (310) 295-1170 Matthews Real Estate Investment Services, Inc 2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245