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Motel 6 Monterey, CA 2124 Fremont St

53 Room Hotel Monterey, CA 93940 $11,000,000 ($207,547/Room) 7.07% Cap Rate

Hotels California Monterey 2124 Fremont St, Monterey, CA 93940

Investment Highlights

  • Convenient access to Fisherman’s Wharf, Monterey Peninsula Airport, and Del Monte Golf Course
  • Swift proximity to Monterey State Beach and Cabrillo Highway, ensuring easy travel around the area

Executive Summary

Colliers is pleased to solicit offers to acquirethe free-simple interest in the privataly owned Motel 6 in Monterey, California. Convenient access to Fisherman's Wharf, Monterey Penninsula airport, and Del Monte Golf Course. Swift proximity to Monterey State Beach and Cabrillo highway, ensuring easy travel around the area.

Attachments

Motel 6 Monterey - OM - 10-24 (003)
Motel 6 Monterey - Flyer - New Pricing (003)

Data Room Click Here to Access

  • Market Information
  • Operating and Financials
  • Third Party Reports
  • Miscellaneous

Property Facts

Price $11,000,000 Lot Size 0.85 AC
Price Per Room $207,547 Building Size 13,037 SF
Sale Type Investment No. Rooms 53
Cap Rate 7.07% No. Stories 2
Property Type Hospitality Year Built/Renovated 1963/2024
Property Subtype Hotel Parking Ratio 2.68/1,000 SF
Building Class C Corridor Exterior
Price $11,000,000
Price Per Room $207,547
Sale Type Investment
Cap Rate 7.07%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.85 AC
Building Size 13,037 SF
No. Rooms 53
No. Stories 2
Year Built/Renovated 1963/2024
Parking Ratio 2.68/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 53 $124.00 -
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Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 013-181-009-000 Improvements Assessment $2,167,478
Land Assessment $2,098,493 Total Assessment $4,265,971

PROPERTY TAXES

Parcel Number
013-181-009-000
Land Assessment
$2,098,493
Improvements Assessment
$2,167,478
Total Assessment
$4,265,971

zoning

Zoning Code 5N (MOTELS & HOTELS)
5N (MOTELS & HOTELS)
(909) 605-9400

  • Listing ID: 32896938

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 2124 Fremont St, Monterey, CA 93940

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Motel 6 Monterey, CA | 2124 Fremont St
(909) 605-9400 x

Motel 6 Monterey, CA | 2124 Fremont St

Kamlesh Patel

(909) 605-9400

(909) 605-9400

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