Fairfield Inn & Suites Selma Kingsburg — Sale in Kingsburg, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Kingsburg, CA 93631
  • Year built: 2010

Photos

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Description

Marcus & Millichap has been chosen to exclusively market for sale the Fairfield Inn & Suites Selma Kingsburg by Marriott, a three-story hotel located along State Highway 99 in Kingsburg, Central California. Built in 2010 and renovated in 2019, the property consists of 86 interior-corridor guest rooms, a heated outdoor pool and spa, fitness center, business center, complimentary breakfast buffet, The Market shop, and 276 square feet of meeting and event space. The property benefits from exceptional interstate visibility, strong Marriott reservation system affiliation, and convenient access to the Central Valley's economic and tourism drivers. The traffic count near the property on Highway 99 is approximately 69,861 vehicles per day, creating significant value for drive-by transient travelers, corporate travelers, tourism traffic, and trucking and transportation users. The hotel is also surrounded by several wineries and serves business travelers, agricultural industry visitors, government travelers, tourists, university guests, and travelers visiting California's premier national parks. Kingsburg is approximately 20 miles south of Fresno, which serves as a gateway to national parks and is home to a university, zoo, festivals, and several other attractions. The Fairfield Inn & Suites Selma Kingsburg represents an opportunity to acquire a Marriott-franchised hotel in a stable market. Our pro forma analysis assumes the benefits of Property Improvement Plan (PIP) completion and continued modest growth, supported by expected 2.46%–2.87% population growth, 2.52%–2.82% household growth, and demand growth in the Central California region. Investment Highlights: • Priced at $107,558 Per Key | Recent Sale Comps Averaging $165,000 Per Key • Well-Appointed, Well-Maintained, Three-Story, Interior-Corridor, Marriott-Branded Hotel Renovated in 2019 • Located Off of State Highway 99 with Traffic Count of Approximately 69,861 Vehicles per Day in Central California | Transient Demand

Market Context

This hospitality in Kingsburg, CA is listed for sale. The building dates to 2010. Compare it against other hospitality listings for sale in Kingsburg, CA — view the full market.

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