Econo Lodge Hotel For
24412 Sunnymead Boulevard, Moreno Valley, CA 92553
Profitable 55-room hotel with high visibility and growth potential.
Type:Business for Sale, Hospitality, Land, Mixed Use, Special Purpose
Property size:
20,530 SFLot size:
0.81 AcresPrice / SF:
$318/SF- Added:
- Jan 5, 2025
- Days on Market:
- 491
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 24412 Sunnymead Boulevard
General Information
- Standard status
- Active
- Size
- 20,530 SF
- Lot size
- 0.81 Acres
- Property subtype
- Business for Sale, Hospitality, Land, Mixed Use, Special Purpose
Building Details
- Year Built
- 1987
Listing agent Houmehr Mike Panoussi License #01853627
Listing office Liberty Business Advisors
Listing date Jan 5, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Liberty Business Advisors
HighLights
- High Income Potential: Underperforming property with significant revenue growth opportunity through improved management and strategic upgrades.
- Steady Income Stream: Currently generates $1.25M annual gross income.
- Prime Location: Highly visible and accessible location off the Moreno Valley Freeway.
- Econo Lodge franchise agreement active through 2029.
- Scalable Potential: Opportunity to renovate and reposition the property to attract a broader clientele.
- 55 guest rooms within a 20,530 sqft building on a 35,284 sqft property.
Overview
The Econo Lodge Hotel in Moreno Valley, California, is available for purchase. The building has a size of 20,530 square feet and is situated on a 35,284 square foot property. The hotel features 55 guest rooms. The franchise agreement is active through 2029, with 8.5% royalty fees. The property generates an annual gross income of $1,250,000 and a net income of $400,000 annually before mortgage payments. The property is currently underperforming due to mismanagement, presenting an opportunity for revenue growth through new oversight and strategic upgrades. The hotel is located off the Moreno Valley Freeway, offering high visibility and accessibility. It is within walking distance of budget-friendly dining options and less than a mile from Sunnymead Park, with proximity to shopping, entertainment, and outdoor recreation. The property is pet-friendly and known for its convenience and affordability, offering comfortable accommodations suitable for both leisure and business travelers. Renovating and repositioning the property could attract a broader clientele and maximize occupancy rates and operational efficiency, making it a high-value addition to an investment portfolio.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Econo Lodge Moreno ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.2368536
- Latitude
- 33.9395802
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Profitable 55-room hotel with high visibility and growth potential.
Where is this hotel located?
The property is located at 24412 Sunnymead Boulevard Moreno Valley, CA.
What is the asking price?
The asking price for this property is $6,549,000.
What are key features of this property?
This property features: High Income Potential: Underperforming property with significant revenue growth opportunity through improved management and strategic upgrades.; Steady Income Stream: Currently generates $1.25M annual gross income.; Prime Location: Highly visible and accessible location off the Moreno Valley Freeway.
