HomeTowne Studios Fresno West, CA

Listing Agents

Subu Thiagarajan
T | 510.205.7931

Detailed Information
Property Highlights
  • Fee-simple interest in the 129-room Red Roof HomeTowne Studios Fresno West, CA
  • Strong historic performance with trailing 36-month average occupancy of nearly 78%
  • Asset is institutionally owned and third-party managed affording prospective regional owners strong operational upside
  • Offered unencumbered of brand (with minimal LD’s), debt, and management with a variety of alternative brand options available for conversion, or the ability to relicense under the existing flag
  • Product type with fully equipped kitchens is ideal for potential residential conversion or other alternative use pending zoning and municipality approval
  • High-margin business model is ideally well-positioned for any forward-looking economic contraction, given limited labor requirements with no sales department or food and beverage offering
  • Well located within the Shaw commercial corridor and readily accessible via the Golden State Highway with nearly 172,000 vehicles passing the location daily
  • Asset is proximate to all core downtown Fresno demand including – Fresno Chaffee Zoo, Chukchansi Baseball Stadium, and Downtown Fresno
  • Fresno is a regional healthcare epicenter and home to numerous larger hospitals and specialty treatment faculties including Saint Agnes Medical Center, Valley Children’s Hospital, and Kaiser Permanente
  • The Fresno area is one of California’s core agricultural hubs and is one of the fastest growing counties in the state
  • Fresno County is the top agricultural-producing county in the US with nearly $8.0B in annual agricultural output and approximately $2.5B in additional output from related industries
  • Opportune time to be investing in the Fresno market with substantial infrastructure development underway – including the nearly $150MM Fresno Airport expansion and the nearly $67MM California Strategy Growth Council housing pilot program
  • The city of Fresno will directly benefit from the nearly $130B California High Speed rail project connecting Los Angeles to San Francisco

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