HomeTowne Studios Rancho Cordova / Sacramento, CA

Listing Agents

Subu Thiagarajan
T | 510.205.7931

Detailed Information
Property Highlights
  • Fee-simple interest in the 129-room Red Roof HomeTowne Studio Rancho Cordova / Sacramento CA
  • Strong historic performance with trailing-36 month average occupancy of nearly 80%
  • YTD March ’24 performance is ~ + 27% as the asset continues to increase market share due to better group capture rate property operations
  • Asset is institutionally owned and third party managed affording prospective regional owners strong operational upside
  • Offered unencumbered of brand, 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

Location Summary

  • Optimal location along Sunrise Blvd and overlooking US Interstate 50, with nearly 150,000 vehicles passing the location daily
  • Property sits adjacent to the Nimbus Corporate Center office and industrial park – accounting for ~700,000 SF of flex office and industrial space
  • Rancho Cordova is a primary employment sub-center within the Sacramento region and accounts for nearly 3,600 businesses – including a renewed focus on and expansion within the tech sector
  • Chip manufacturer Solidigm recently relocated their global HQ to Rancho Cordova where they will invest $100MM in the facility and employ 1,900 professionals
  • Samsung Semiconductor recently announced a new research facility in neighboring Folsom – further illustrating the market’s appeal to the chip and semiconductor industry
  • Rancho Cordova is ideally well situated within the Sacramento MSA – California’s State Capital and home to nearly 2.4MM people

"*" indicates required fields

This field is for validation purposes and should be left unchanged.