555 Discreet Hotel Ridgecrest, CA 93555

Exceptional investment opportunity: a four-story, 50,000 square foot IHG-branded hotel in Ridgecrest, California. This 100-key property boasts a prime location in Kern County, zip code 93555, generating $3.5 million in gross revenue and $1,190,000 in net operating income (NOI) in 2023, representing a 5.95% cap rate. The asking price is $20,000,000. The hotel features modern amenities including a business center, fitness center, and event space, catering to both business and leisure travelers. A significant advantage is its fully solar-powered system, resulting in reduced operational costs and SBA Green Loan eligibility. The property includes 100 parking spaces. This stabilized investment offers significant growth potential in a high-demand area. Further details available upon request and execution of a non-disclosure agreement. Principal only.