The La Quinta Inn & Suites in Fremont, California, is listed on the market, providing a 148-room property with potential administration and funding alternatives.
The La Quinta Inn & Suites positioned in Fremont, California, is now accessible for acquisition. This property is corporate-owned and consists of 148 rooms throughout 5 tales. It’s located off Interstate 880 within the southeast San Francisco Bay Space, offering entry to main enterprise and leisure locations.
Funding Potential
The resort is introduced as a possibility for brand spanking new possession to capitalize on administration upside. The present operator’s international scale and company overhead recommend potential advantages for a extra localized administration method. The property will probably be delivered with out present administration, permitting new operators to implement cost-control measures.
Franchise Settlement Particulars
The Wyndham Franchise Settlement features a favorable Property Enchancment Plan (PIP) cap, which is transferable to the client. Following the capped PIP, there’s a six-year PIP vacation, offering a interval with out extra necessary enhancements.
Location Benefits
The resort is strategically positioned close to a number of key demand turbines. It’s 11 miles from Norman Y. Mineta San Jose Worldwide Airport and is near main corporations, together with Tesla Fremont Gigafactory, HPE, Seagate, Western Digital, and Amazon’s Warehouse. Moreover, the Pacific Commons Purchasing Heart and native sights, similar to Mission Peak and Mission San Jose, are close by.
Fremont’s Financial Panorama
Fremont is acknowledged because the “{hardware} aspect of the Bay,” with over 900 superior manufacturing corporations. This sector accounts for one in each 4 jobs within the metropolis. Fremont additionally boasts the biggest industrial actual property stock within the area, attracting progressive corporations looking for large-format areas.
Inquire at CBRE.