Motel 6 – Sacramento North Highlands #1025

Motel 6 – Sacramento North Highlands #1025

Motel 6 – Sacramento North Highlands
#1025
NORTH HIGHLANDS, CALIFORNIA
EXCEPTIONAL INVESTMENT OPPORTUNITY
Rockwood Real Estate Advisors, in association with Auction.com, has
been retained on an exclusive basis by the Owner to offer for sale
the Fee Simple interest in the Motel 6 Sacramento-North Highlands
#1025, a 63-key limited-service hotel located in North Highlands,
California (the “Hotel”).
The Motel 6 – Sacramento-North Highlands is conveniently located
near the junction of I-80 and I-80B, which provide direct access to
downtown Sacramento and northern Sacramento suburbs. In the
immediate area, the Hotel is less than one mile from the 3,000acre McClellan Business Park, on the site of the former McClellan
Air Force Base. The Hotel also captures demand generated by
CalExpo/California State Fairgrounds, Sleep Train Arena, and
downtown Sacramento, including the state government complex.
The surrounding neighborhood provides a variety of restaurants
including Starbucks, Golden Corral, Pizza Hut, Panda Express, KFC,
Wendy’s, Waffle House, and more. I-80 is a major east-west highway,
which links with San Francisco (95 miles west), Lake Tahoe (110 miles
northeast), and Reno, NV (124 miles northeast).
This investment represents an opportunity to rebrand the Hotel to
capture additional room rate, occupancy and Net Operating Income.
KEY PROPERTY INFORMATION
Property Being Sold Through Auction.com
Motel 6 - Sacramento North Highlands
Property ID: B108 - 110
Auction Date: June 17 - 18
Rockwood
Real Estate Advisors
ADDRESS
4600 Watt Avenue
North Highland, CA 95660
LOCATION
I-80 at Watt Avenue, Exit 94
WHEN BUILT
Opened in 1983, converted to Motel
6 in 1989
OWNERSHIP INTEREST
Fee Simple
NUMBER OF ROOMS
63, with a Manager’s apartment on-site
CORRIDORS
Exterior
LAND AREA
1.1125 acres
BUILDINGS
Two 2-story connected buildings
INTERNET ACCESS
High-speed wireless
PARKING
60 surface spaces
HOTEL AMENITIES AND FEATURES Vending and pets are welcome.
MOTEL 6 - SACRAMENTO NORTH HIGHLANDS
INVESTMENT HIGHLIGHTS
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Significant Upside Potential
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Within less than one mile is the 3,000-acre McClellan Business
Park, formerly McClellan Air Force Base, which has been reinvented as a commercial center, currently with 240 operating
businesses and the Aerospace Museum of California.
Located at the junction of I-80 and I-80B, the Hotel is within
minutes of downtown Sacramento, the State Capitol, Cal Expo/
Raging Waters Park, and Sleep Train Arena (home of the NBA’s
Sacramento Kings) as well as the Scandia Family Fun Center.
Sacramento International Airport is only 15.4 miles northwest.
Easy access from I-80 provides daily traffic, including weekend
leisure travelers.
Opportunity for Aggressive, Creative Management and Re-Branding
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The lodging market of northern Sacramento, achieved a RevPAR
increase of 5.3% ($42.91 to $45.18) YTD February 2013, reflecting
improvements in both Occupancy (+1.1%) and ADR (+4.2%).
These improving statistics demonstrate strengthening market
conditions.
Proximate to Major Demand Generators
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As of TTM February 2013, the Hotel achieved a RevPAR Index of
103.2%, which has been steadily eroding from 113.6% (2012) and
133.1% (2011), which suggests that new property management
could return this property to its previous heights.
The Hotel will be sold unencumbered by the Motel 6 franchise,
enabling the buyer to affiliate with their preferred brand.
Potential new brands include: Budgetel, Days Inn, Econo Lodge,
Rodeway Inn, and Travelodge.
The Hotel will be sold unencumbered by management allowing
the new owner to install innovative entrepreneurial practices.
Acquisition Well Below Replacement Cost
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With new construction of an economy Hotel estimated to be
approximately $50,000 per key, this Hotel is available at a price
significantly below this level.
B108 - 110
June 17 - 18
CONTACT INFORMATION
All questions should be directed to the individual referenced below.
Andrew Kern
Managing Director, Hospitality Team Leader
301-255-4785 (Office)
[email protected]
If re-branded, a change-in-ownership PIP should be effected.
Rockwood
Real Estate Advisors
MOTEL 6 - SACRAMENTO NORTH HIGHLANDS
AREA MAP
99
Golden State Hwy
Sacramento
International
Airport
Watt Ave
70
Elverta Rd
North Highlands
80
5
5
5
Sacramento
River
lvd
eB
vill
rys
Ma
Main Ave
16
1
Madison Ave
80
North Sacramento
16
16
160
160
80B
Sacramento
3
Amer
ican R
5
275
4
6
*
Motel 6 Sacramento - North Highlands
1
McClellan Business Park
2
Scandia Family Fun Center
3
CalExpo
4
Raging Waters Sacramento
5
Sleep Train Arena
6
State Capitol
Demand Generators
Ca
pit
al
Ci
ty
Fr
ee
wa
y
16
16
2
iver
Rockwood
Real Estate Advisors
Rockwood
No warranty or representation, express or implied, is made as to the accuracy of the
information contained herein, and same is submitted subject to omissions, change
of price, rental or other condition, without notice, and to any listing conditions,
imposed by the Owner.
Real Estate Advisors
5 5 5 F I F T H AV E N U E , F O U R T H F L O O R
N E W YO R K , NY 10017
(212) 286-5800
www.rockwoodrea.com
ANDREW KERN
SEAN FULP
Managing Director, Hospitality Team Leader
301-255-4785 (Office)
[email protected]
Managing Director
CA License ID: 01928543
DO NOT CONTACT THE MANAGEMENT STAFF OF THE PROPERTY. ROCKWOOD REAL ESTATE ADVISORS IS THE OWNER’S EXCLUSIVE ADVISOR FOR THIS CONFIDENTIAL ASSIGNMENT.
LICENSING DISCLOSURE
Auction.com, LLC, 1 Mauchly, Irvine, CA 92618 (800) 499-6199. AL RE Brkr 000094404-0; Auction Firm C17; Auctioneer Mark Buleziuk 5097, Michael
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