Overview

Description

Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale the SpringHill Suites by Marriott Conversion, a four-story limited service hotel conveniently located off of Beach Boulevard in Buena Park, California. The hotel features 200 exterior courtyard suite-style guest rooms, each equipped with a flat-screen TV, work desk, refrigerator, microwave, and coffee maker. Hotel amenities include an outdoor pool & spa, meeting space, business center, fitness center and complimentary breakfast.

Buena Park, located in Orange County, California, is a vibrant and diverse community known for its unique blend of entertainment, cultural attractions, and residential charm. Perhaps most famous for being home to Knott's Berry Farm, one of the oldest and most iconic theme parks in the United States, Buena Park
offers a plethora of family-friendly activities and thrills. Beyond the theme park excitement, the city boasts a rich history, including its roots as an agricultural hub famous for Knott's Berry Farm's origins as a roadside berry stand.

The SpringHill Suites by Marriott Conversion represents the opportunity to acquire a Marriott approved hotel in a tourist market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Southern California region.

The subject property, presently known as the Buena Park Grand Hotel & Suites, has received approval from Marriott for its conversion into a SpringHill Suites. The purchaser will be responsible for completing the Property Improvement Plan (PIP) required to transform the hotel into a SpringHill Suites.

Click Here for Offering Memorandum: https://allredhotelgroup.com/?propertyId=BuenaParkCAGrandHotel

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Highlights

• Property is Marriott-Approved for Conversion into a SpringHill Suites | Purchaser is Responsible for Completing the PIP
• Well-Appointed Four-Story Hotel in Southern California
• Significant Leisure & Business Demand
• Walking Distance to Knott’s Berry Farm, Knott’s Soak City Water Park, Medieval Times and Pirates Dinner Adventure
• Ideally Located off of SR-39 | Easily Accessible to and from I-5 & SR-91
• 6 Miles to Disneyland and California Adventure (16M+ Attendance in 2022)
• 7 Miles to Anaheim Convention Center, the Largest Exhibit Facility on the West Coast

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