TownePlace Suites Sacramento  Elk Grove - Hotels_Property for Sale
TownePlace Suites Sacramento  Elk Grove - Hotels_Property for Sale
9320 East Stockton Boulevard, Elk Grove, CA, 95624, US

TownePlace Suites Sacramento Elk Grove - Hotels

Asset description

The 96-room TownePlace Suites is located in Elk Grove, California, a high-growth sub-market in the Sacramento MSA. The offering represents an excellent opportunity to acquire a recently-built, institutional-quality hotel, with excellent trailing cash-flow.

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Attributes

Units
96
Year built
2021

Media

Investment highlights

Robust Cash Flow The Hotel’s bottom-line operating performance history illustrates the remarkable yield opportunity presented to new investment as the Property’s 2022 and 2023 year-end performance garnered substantial NOI averaging more than 46% of total revenue.


Recent Vintage, Excellent Building Condition The Hotel’s recent debut in 2021 solidifies the Property’s institutional quality and mitigates required capital expenditures in the near-term, allowing for an immediate implementation of a modernized business plan to drive NOI beyond historic thresholds


All-Suites Accommodations The Hotel’s all-suites guestrooms are the newest accommodations in Elk Grove, positioning the Hotel as the signature extended stay destination of choice for travelers. Extended-stay demand will benefit from Elk Grove’s economic ascent as Apple occupies 800,000 square feet of industrial space in the community while Dignity Health is developing the City’s inaugural full-service hospital, a 200,000-square-foot, 100-bed facility. 


Management Flexibility The Hotel is offered unencumbered by its existing operator, allowing new investment to partner with a preferred manager to explore alternative expense control measures, labor strategies, and yield management techniques to garner additional cash flow.


Sacramento Zoo to Elk Grove The City Council approved construction of a $302 million project which will relocate the Sacramento Zoo to Elk Grove, generating an estimated $250 million in jobs activity and potentially enticing robust tourism volumes as the present location welcomes more than 500,000 visitors annually.

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TownePlace Suites Sacramento Elk Grove - Hotels (0 Properties)

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Last updated
Jun 28, 2024