339 1/2 N Brand Blvd
Glendale, CA 91203

Marcus & Millichap is pleased to present this exclusive investment opportunity for your consideration. Hotel Brandwood is located in the heart of Glendale, California. This well-established property offers 37 air-conditioned rooms in an art deco building dating from 1924. The approximately 20,000 square-foot property is located 10 miles north of downtown Los Angeles. The property features approximately 6,714 square-feet of ground floor retail space that is currently vacant. Understated rooms with traditional wood furnishings feature flat-screen TVs, plus coffeemakers and minibars. Suites feature whirlpool tubs and city views. Local demand generators include the Americana at Brand outdoor shopping mall (less than one mile), downtown Los Angeles (10 miles), Warner Brothers Studio (6 miles), Universal Studios Hollywood (8 miles), downtown Burbank (5 miles), and Bob Hope Airport Burbank (10 miles). The property is currently operating at 80% occupancy at an average daily rate of $143.00. The analysis assumes an estimated renovation budget of $3,000,000, which includes adding an elevator, building out the restaurant space & creating a ground-floor lobby. This total investment opportunity of $13,990,000 offers tremendous upside for higher room rates. In this Offering Memorandum, the financial analysis displays both the property’s a s-is operations a s well a s a pro forma estimate of the return potential upon renovation.