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Howard Johnson (Merced)

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  • Location: Highway 99 in Merced on the R & V street exit. Six miles from the new University of California Campus now funded for construction according to the Governor of California in his recent speech to the State. Most major restaurant chains, fast food and independent restaurants are located within five minutes' drive. Two major gas stations are on the exit as is Motel Six and the Vagabond.
  • Guest rooms: 98 large units, comprising four buildings with two-storey configuration. All rooms have been redone within the past six months: carpeted and painted, the furniture upgraded, the bathrooms completely redone with new tile floors, tub/showers and toilets. Telephones, cable, color televisions are in all rooms and some refrigerators and microwaves throughout the hotel. Five rooms have in-room spas.
  • Amenities: Large conference room, swimming pool, full on site laundry.
  • Extras: All units face into the swimming pool, courtyard area with large mature landscaping.
  • Description: New stucco surfaces on railings, balconies, stairways, with large covered entrance to lobby and registration area.
  • Age: Built approximately 1970.
  • Opportunity: An absentee owner in Santa Cruz purchased the hotel more than four years ago. The owner had no hotel experience and chose to let the Best Western Franchise lapse one year ago. Additionally, the freeway exit ramp was closed for reconstruction during 2002 and most of 2003. It was reopened in October, 2003 and the Howard Johnson franchise became operational in December, 2003. As a consequence, while the income has dropped considerably, the hotel is now positioned to achieve the norm for the area of $8,500 per room per year or more than $800,000.
  • Land: Approximately two and one half acres.
  • Asking Price: $3,500,000.
Bonus: Some Seller Financing with $550,000 Down Payment.
Julian Bills: Broker, DRE # 00532752
cell/tel: (831) 212-4526 -  email@julianbills.com
Page last modified: January 13th, 2004

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