Modesto Hotel

$24,000,000

Asking Price Subtype Keys Stories

$24,000,000 Hotel 126 2

Property Type Square Footage Year Built Lot Size

Hospitality 71,000 1990 3.83 Ground Lease

Newly renovated hotel, ideally located in the heart of Modesto. Located at one of Modesto’s busiest exits. Conviently located near shopping, dinning, entertainment, and gyms. All within walking distance. Highly visable, with signage from Highway 99. With over 50million cars traveling along Highway 99 on a yearly basis. Perfectly situated between Sacramento, the Bay Area, and Yosemite. The Modesto Hotel is member of the IHG Hotel and Resort family, and future home of Holiday Inn & Suites. Strong growth potential with existing Yosemite tour contacts, banquet and meeting rooms, and soon to be built 42,000sqft, 4-story expansion with new lobby, 23 new suites, restaurant, and rooftop terrace. A fine hotel, with excellent growth potential.

126 newly renovative room guest rooms Ideally located along well traveled Highway 99. 50million+ AAYT, 145,000 AADT 126 keys, 2-story, IHG Hotel & Resorts family, future home of Holiday Inn & Suites Perfectly situated 2hrs from Yosemite. 1.5hrs from the Bay Area. 1hr from Sacramento Approved plans for 42,000sqft, 4-story lobby with 23 luxury suites, restaurant, and rooftop terrace Underperfoming hotel though growing, with still more massive growth potential Banquet and meeting rooms. Yosemite tour contracts.

Modesto Hotel

Population, 221,924 Population growth since 2020, 1.58% Median home value, $300,700 Households, 71,113 Median Hosuehold Income, $62,180 Median age, 34.7 55.7% Home Ownership

42,000sqft 4-story New Restaurant 23 Luxury Suites New Luxury Lobby Rooftop tarrace with stunning views

Four star experience in the heart of the Central Valley.

All Suites Fine Dinning & Bistro Private Rootop Parties Incredible Views Fully approved plans Purchase built out or Build yourself Financing available

Prperty Type: Hospitality Subtype: Hotel Square Footage: 71,000 Price per sqft: $338,02 Keys: 126, $190,470 per key Year built: 1990 Year Renovated: 2019 Number of building: 2 Stories: 2 Zoning: C-R Lot size: 3.38 acers APN: 005-053-034 Ground Lease: Yes Ground Lease Expiration: Dec. 31, 2040 Ground Lease Remaining: 18yrs Ground Lease Extension: 25yrs Can be extended: 100yrs Approved 42.000sqft, 4-story expansion

Carlos Fierro 559-307-8296 carlos@goREIgroup.com DRE# 01941959 goREIgroup.com