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CBRE Hotels
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La Quinta Inn & Suites Fremont/Silicon Valley
CBRE Inns solicits presents to accumulate the fee-simple curiosity within the corporate-owned La Quinta Inn & Suites in Fremont, California. Situated off Interstate 880 and shut to Tesla Fremont Gigafactory, HPE, Seagate, Western Digital, Amazon Warehouse, and the Pacific Commons Procuring Middle, the 148-room lodge receives enterprise from a numerous inhabitants of each company and leisure segments.
Funding Highlights
- Company-Owned La Quinta Inn & Suites – Alternative to accumulate a corporateowned, 148-room, five-story, La Quinta Inn & Suites that’s positioned off Interstate 880 within the southeast San Francisco Bay Space.
- Administration Upside – The La Quinta might be delivered unencumbered of administration. Because of the present operator’s nationwide scale and substantial allocation for company overhead, this undertaking presents vital potential upside for a extra hands-on proprietor operator to drive vital worth by way of enhancements in operational efficiencies and charge administration.
- Underperforming the Comp Set – The lodge is considerably underperforming its aggressive set. In 2023, the lodge posted a 80.7 RevPAR index to the comp set, rating 3 of 5 accommodations. Given the restricted new provide within the pipeline, the La Quinta will be capable to enhance its market positioning by capitalizing on the sturdy restoration of company, group, and leisure demand out there.
- PIP Cap – Per Part O of the Wyndham Franchise Settlement, there’s a favorable PIP cap in place that’s transferable to the Purchaser. Following this capped PIP, there is then a 6 12 months PIP vacation.
- Handy Location – Situated off Interstate 880 and simply 11 miles from Norman Y. Mineta San Jose Worldwide Airport, the property gives handy entry to an array of key lodge demand turbines, together with Tesla Fremont Gigafactory, HPE, Seagate, Western Digital, Amazon Warehouse, the Pacific Commons Procuring Middle, Mission Peak and Mission San Jose.
- Fremont – “{Hardware} Aspect of the Bay” – Fremont is named the “{hardware} aspect of the Bay.” With over 900 superior manufacturing corporations primarily based in Fremont, superior manufacturing accounts for one in each 4 jobs within the metropolis. Moreover, Fremont has the biggest industrial actual property stock within the area, offering extremely wanted large-format area for the Valley’s most progressive corporations.
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