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Motel 6 Monterey, CA 2124 Fremont St

53 Room Hotel Monterey, CA 93940 £8,748,211 (£165,061/Room) 7.07% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Convenient access to Fisherman’s Wharf, Monterey Peninsula Airport, and Del Monte Golf Course
  • Swift proximity to Monterey State Beach and Cabrillo Highway, ensuring easy travel around the area

EXECUTIVE SUMMARY

Colliers is pleased to solicit offers to acquirethe free-simple interest in the privataly owned Motel 6 in Monterey, California. Convenient access to Fisherman's Wharf, Monterey Penninsula airport, and Del Monte Golf Course. Swift proximity to Monterey State Beach and Cabrillo highway, ensuring easy travel around the area.

ATTACHMENTS

Motel 6 Monterey - OM - 10-24 (003)
Motel 6 Monterey - Flyer - New Pricing (003)

DATA ROOM Click Here to Access

  • Market Information
  • Operating and Financials
  • Third Party Reports
  • Miscellaneous

PROPERTY FACTS

Price £8,748,211 Lot Size 0.85 AC
Price Per Room £165,061 Building Size 13,037 SF
Sale Type Investment No. Rooms 53
Net Initial Yield 7.07% Number of Floors 2
Property Type Hospitality Year Built/Renovated 1963/2024
Property Subtype Hotel Parking Ratio 2.68/1,000 SF
Building Class C Corridor Exterior
Price £8,748,211
Price Per Room £165,061
Sale Type Investment
Net Initial Yield 7.07%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.85 AC
Building Size 13,037 SF
No. Rooms 53
Number of Floors 2
Year Built/Renovated 1963/2024
Parking Ratio 2.68/1,000 SF
Corridor Exterior

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 53 £98.62 -
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Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 013-181-009-000 Improvements Assessment £1,723,778
Land Assessment £1,450,612 Total Assessment £3,174,390

PROPERTY TAXES

Parcel Number
013-181-009-000
Land Assessment
£1,450,612
Improvements Assessment
£1,723,778
Total Assessment
£3,174,390

ZONING

Zoning Code 5N (MOTELS & HOTELS)
5N (MOTELS & HOTELS)
(408) 230-8706

CONTACT

  • Listing ID: 32896938

  • Date on Market: 20/08/2024

  • Last Updated:

  • Address: 2124 Fremont St, Monterey, CA 93940

The Casanova Oak Knoll Hospitality Property at 2124 Fremont St, Monterey, CA 93940 is currently available. Contact Colliers for more information.

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Motel 6 Monterey, CA | 2124 Fremont St
(408) 230-8706 x

Motel 6 Monterey, CA | 2124 Fremont St

Kamlesh Patel

(408) 230-8706

(408) 230-8706

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