Listing Agents
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the soon to be completed, 113-room Hilton Garden Inn Visalia, CA
- Target sale at Certificate of Occupancy (C/O) in June 2023
- Rare opportunity to acquire newly built, core-branded Hilton asset in California
- Strong projected stabilized cash-on-cash returns and $150+ targeted RevPAR
- Asset is directly visible and readily accessible from the Highway 198 / 99 Junction with upwards of 73,000 vehicles passing the location daily
- Opportune time to acquire new construction asset in difficult to build market amidst lengthy construction periods and high materials costs
- Visalia is a critical regional distribution hub with millions of square feet occupied by Fortune 100 and 500 ranked companies including Amazon, UPS and Ace Hardware
- Proximate to several broader area leisure demand including Sequoia and Kings Canyon National Parks and Yosemite National Park
- Visalia is critically located within the heart of California’s Central Valley – one of the top three most productive agricultural regions in the United States
- Tulare County and the Central Valley represent a critical source of national food production
- Property is approximately 40 minutes from Fresno Yosemite International Airport and just over one hour from Meadows Field Airport (Bakersfield), cumulatively accounting for close to 2.5MM (2022) annual passengers