Morada Inn | 8062 Garden Grove Blvd
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Morada Inn 8062 Garden Grove Blvd
131 Room Hotel Garden Grove, CA 92841 £12,837,662 (£97,997/Room)
Investment Highlights
- Price Per Key $131,048/key
- Limited New Construction of Competitive Projects in Immediate Market Area
- Major Attractions nearby include Rodeo 39 Market, Anaheim Convention Center & Disneyland
- All Rooms Have Been Recently Renovated Ensuring Updated Interiors
- Incredible Exposure off Beach Boulevard Exit off 22 Freeway
Executive Summary
For the first time in over 20 years, Kidder Mathews & Boardwalk Real Estate, Inc. are proud to present the sale of the Morada Inn & Suites, located at 8062 Garden Grove Blvd, Garden Grove CA 92844. This well maintained, three story, exterior corridor motel features 124 guest rooms (with an additional 5 rooms for management and ownership) and is independently operated. It is strategically positioned right off Highway 22, at the intersection of Garden Grove Blvd & Beach Blvd providing excellent visibility and accessibility for travelers. Additionally, there is prominent freeway signage at the Beach Blvd exit off of Highway 22, maximizing exposure to the heavy traffic flow in the area. The property features guest rooms, the lobby and check in area, guest laundry, back of house laundry room, staff break rooms, maintenance rooms, and storage rooms.
The Morada Inn has undergone a full renovation completed in 2024, ensuring updated interiors that appeal to both leisure and business guests. The property offers ample parking surrounding the motel, with a secure and gated lot dedicated to employees. The trade area has limited new construction for competitive projects, limiting future competiton. This is a rare opportunity to acquire a well-positioned hospitality asset in a high-demand market. With its recent renovations, strategic locatiion, and proximity to major attrations, the Morada Inn offers tremendous potential for investors looking to capitalize on Southern California's thriving tourism and hospitality industry. Please reach out to listing agents for confidentiality agreement for financials.
The Morada Inn has undergone a full renovation completed in 2024, ensuring updated interiors that appeal to both leisure and business guests. The property offers ample parking surrounding the motel, with a secure and gated lot dedicated to employees. The trade area has limited new construction for competitive projects, limiting future competiton. This is a rare opportunity to acquire a well-positioned hospitality asset in a high-demand market. With its recent renovations, strategic locatiion, and proximity to major attrations, the Morada Inn offers tremendous potential for investors looking to capitalize on Southern California's thriving tourism and hospitality industry. Please reach out to listing agents for confidentiality agreement for financials.
Property Facts
Price | £12,837,662 | Building Size | 19,578 SF |
Price Per Room | £97,997 | No. Rooms | 131 |
Sale Type | Investment | Number of Floors | 3 |
Sale Conditions | 1031 Exchange | Year Built/Renovated | 1971/2023 |
Property Type | Hospitality | Tenancy | Single |
Property Subtype | Hotel | Parking Ratio | 5.97/1,000 SF |
Building Class | C | Corridor | Interior |
Lot Size | 1.54 AC |
Price | £12,837,662 |
Price Per Room | £97,997 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.54 AC |
Building Size | 19,578 SF |
No. Rooms | 131 |
Number of Floors | 3 |
Year Built/Renovated | 1971/2023 |
Tenancy | Single |
Parking Ratio | 5.97/1,000 SF |
Corridor | Interior |
Amenities
- High Speed Internet Access
- Convention Hotel
- Public Access Wi-Fi
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 131 | £68.73 | - |
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 096-282-15 | Improvements Assessment | £1,853,842 |
Land Assessment | £1,965,119 | Total Assessment | £3,818,961 |
PROPERTY TAXES
Parcel Number
096-282-15
Land Assessment
£1,965,119
Improvements Assessment
£1,853,842
Total Assessment
£3,818,961
zoning
Zoning Code | Commercial |
Commercial |
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Morada Inn | 8062 Garden Grove Blvd
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