Detailed Information
Location
Property Highlights
- Fee-simple interest in the ~2.62-acre Hampton Inn by Hilton development site
- High Barrier-to-Entry Grass Valley market with significant +$120-140 RevPAR upside potential
- Entitled and approved for the development of a 77-room Hampton Inn by Hilton
- Shovel-ready developed project which took 5 years for approval with the City of Grass Valley
- Hampton Inn by Hilton is the No. 1 hotel brand to franchise for 15 consecutive years with 3,000 locations in 38 countries and considered hospitality industry’s dominant upper-midscale brand
LOCATION SUMMARY
- Located in Grass Valley CA, nestled in the Sierra Nevada foothills, one hour from Lake Tahoe and Sacramento, below the snow line and the perfect four season climate
- Proximate to regional demands including Sierra Nevada Memorial Hospital (0.8 miles), Sugar Bowl Resort Ski Resort, Donner Ski Ranch, Aja Videos and Historic Gold Rush Grass Valley downtown
- Readily accessible to a variety of outdoor recreational activities for year-round leisure travel destinations like Sierra Nevada mountains, Fuller Lake, Hoyt Crossing, Rollins Lake, Empire Mine State Historic Park, Nevada County Fairgrounds, Nevada County Country Club, and several wineries
- Accessible via Scenic Highway 49 and accessible via I-80, 90 minutes from four major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and two international airports (Sacramento and Reno)