612 Wainright Ct - Hospitality FOR SALE


Lebec, CA 93243
$12,900,000 USD
480-567-6853
612 Wainright Ct, Lebec, CA for Sale
$12,900,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

612 Wainright Ct
Lebec, CA 93243


HIGHLIGHTS

  • Formula Blue 2.0 PIP completed Oct 2023
  • $2.5M in Capex Renovations + Solar Panels
  • Hotel averaged 9.8% RevPar growth last 3 years
  • Located I-5 between Los Angeles and Bakersfield (85,000 VHD)
  • Near $600M Hard Rock Casino Tejon & Hard Rock Live Concert (Opening Dec 2025)

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for the sale of the Holiday Inn Express & Suites in Lebec, California. This property is a 4-story, interior corridor hotel with 77 rooms, conveniently located in close proximity to Interstate-5, with easy access to the property for transient travelers, which sees 85,000 VPD. Nestled between Los Angeles and Bakersfield, close to Tejon Ranch, our October 2023 renovated Holiday Inn Express & Suites Frazier Park sits in charming Lebec and offers easy access to local attractions. Hike Los Padres National Forest or Hungry Valley. Stargaze at Mt. Pinos and snowshoe in Frazier Park. Attend annual events like the Mountain Shakespeare Festival, Fiesta Days, and Civil War Enactments. Enjoy amenities such as; Venue Space, Business Center, Free Wi-Fi, and Free Parking. Additionally, a complimentary breakfast buffet, as well as the seasonal outdoor pool or jacuzzi. To view offering summary and due diligence please visit https://holidayinnexpresssuitesfrazierpark.sharplaunch.com/ or contact Michael Knall directly at (214) 500-4295 for more information.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$463 USD /SF

# OF ROOMS

77

PRICE/ROOM

$167,532 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Frazier Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C2

APN/PARCEL ID

255-310-81-00-3

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.