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 a hotel building located at 1625 French Camp Road in Stockton, California. The property is currently an Econo Lodge hotel and could potentially be converted into a Quality Inn hotel (approved by Choice), multifamily, or affordable housing. Current property amenities include a seasonal outdoor pool, complimentary coffee in lobby and guest laundry facilities. The Quality Inn / Multifamily / Affordable Housing Conversion Opportunity represents the opportunity to acquire an economy hotel in a strong market with several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the San Joaquin County region.

Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=StocktonCAEconoQIConversion

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Highlights

• Hotel Is Approved By Choice Hotels For Quality Inn Conversion
• Affordable Housing Super NOFA(Notice Of Funding Availability) Due Soon
• Strong ADR Market
• Excellent Location Off Of I-5, Near State Routes 4 & 99
• Located Within An Hour Of Sacramento And The San Francisco Bay Area
• Within 4 Miles Of St. Joseph Medical Center, San Joaquin General Hospital And University Of The Pacific
• Minutes To The Weber Point Events Center, San Joaquin County Fairgrounds, Adventist Health Arena And More

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