Hotels for Sale

Four Points Bakersfield, CA

Address:
Bakersfield, California
Description:

UNDER CONTRACT

  • Fee-simple interest in an institutionally owned and third-party managed 198-room Four Points by Sheraton, offered at a significant discount to replacement cost
  • Available unencumbered of debt and third-party management with the option to retain the Four Points brand for a new long-term license
  • Lender controlled asset was part of a larger portfolio foreclosure in 2017
  • Significant operational upside following foreclosure process with very limited capital investment in the property in many years
  • Significant top-line growth prospects relative to current comp set performance (84% RevPAR Index), following completion of comprehensive Marriott PIP
  • Within walking distance of numerous full-service nationally recognized restaurants
  • Readily accessible to State Route – CA 99 and CA 58 and within Bakersfield’s primary retail corridor along Stockdale Highway and California Avenue, with upwards of 55,000 vehicles passing the location daily
  • Ideally located just three-miles west of downtown Bakersfield and easily accessible to all core regional demand generators including Edwards Air Force Base, China Lake Naval Weapons Center, Dignity Health, Adventist Health Bakersfield, Bolthouse Farms, Kern Medical, Sun World International, and California State University Bakersfield (CSUB)

Listing Agents

Scott Griemsmann
T: 415.419.5765
Email
DRE #01336236

Subu Thiagarajan
T: 510.205.7931
Email
DRE #01891134

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