Motel 6 & Studio 6 Vallejo, CA - Napa Valley | 44 Admiral Callaghan Ln
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Motel 6 & Studio 6 Vallejo, CA - Napa Valley 44 Admiral Callaghan Ln
36 Room Hotel Vallejo, CA 94591 For Sale
Investment Highlights
- Napa Valley was converted from the Travelodge flag when the current owner purchased the property in April 2022 and completed renovations in May 2023.
- The purchase includes Kehaulani’s Café, which pays $4700/month in rent and has a current lease term of 5 years.
- Offered Below Owner’s Current
- Motel 6 is a well-recognized and respected brand within the Economy Hotel space which attracts a consistent and loyal customer base.
- No New Supply in Pipeline
Executive Summary
The 78 Key Motel 6 & Studio 6 Vallejo, CA – Napa Valley offers a significant value-add opportunity in stabilizing the current operations to further establish comp set ranking. The property was acquired as a non-operating Travelodge in 2022 for $7,700,000 and underwent extensive renovation to Motel 6 Gemini standard over the course of a year. The bulk of the renovation was completed in May 2023 with the final PIP completion letter from G6 Hospitality in August 2024. The property consists of 40 rooms on the Motel 6 side and 38 rooms on the Studio 6 side. Additionally, it features an on-site 3-bedroom, 2-bath manager suite and a restaurant in a separate building. The restaurant is currently leased to an operator doing business as Kehaulani’s Café, which pays $4,700 per month as of July 2024 under a 5-year lease term. The property’s current room revenue offers significant opportunity for growth, with 2023 revenues of $1,365,281 despite the first 5 months of partial operation status during PIP completion. In 2023 the property ranked 3 of 5 in Comp set RevPAR on the Motel 6 side and 6 of 7 on the Studio 6 half. STR indicates a slight pull back in YOY RevPAR growth throughout the submarket in 2024 but forecasts a 9.2% YOY growth in submarket Economy RevPAR in 2025. The property is currently non-owner operated, which presents additional opportunity for a local operator to scale costs across their local portfolio or implement an owner-user management structure to increase the bottom line. The acquisition of this property provides an excellent opportunity to acquire a newly renovated hotel at a discount to local price per key salecomps while maintaining a market appropriate revenue multiple and double-digit cash on cash returns based on available financing options.
Please do not contact the staff, ownership, or manager of the hotel to request information or tour the property. Instead, contact broker toarrange by appointment only.
Ryan Kawai Sanchez
Matthews™ Hospitality
Direct +1 949 287 5854 | Mobile +1 714 330 3976
Ryan.Sanchez@matthews.com
David Harrington
License No. 02168060
(310) 295-1170
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
Please do not contact the staff, ownership, or manager of the hotel to request information or tour the property. Instead, contact broker toarrange by appointment only.
Ryan Kawai Sanchez
Matthews™ Hospitality
Direct +1 949 287 5854 | Mobile +1 714 330 3976
Ryan.Sanchez@matthews.com
David Harrington
License No. 02168060
(310) 295-1170
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | No. Rooms | 36 |
| Property Type | Hospitality | Number of Floors | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1969/2022 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Lot Size | 1.75 AC | Corridor | Exterior |
| Building Size | 28,731 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 28,731 SF |
| No. Rooms | 36 |
| Number of Floors | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 2.65/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 36 | £74.41 | - |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 0069-070-420 | Improvements Assessment | £22,081,448 |
| Land Assessment | £1,018,682 | Total Assessment | £22,081,448 |
PROPERTY TAXES
Parcel Number
0069-070-420
Land Assessment
£1,018,682
Improvements Assessment
£22,081,448
Total Assessment
£22,081,448
zoning
| Zoning Code | RC |
| RC |
Contacts
-
Ryan Kawai Sanchez -
Mitchell Glasson -
Matthews Real Estate Investment Services
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Motel 6 & Studio 6 Vallejo, CA - Napa Valley | 44 Admiral Callaghan Ln
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