Hilton Garden Inn Visalia, CA

Listing Agents

Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134

Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com

Detailed Information
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‚Äôs 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
Location

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