SpringHill Suites
by Marriott
1901 W Orangeburg Ave Modesto, CA 95350
PROPERTY SUMMARY
Investment Highlights
- Fee simple interest in the institutionally owned 111-room SpringHill Suites by Marriott in Modesto, CA
- Proven in-place cash flow, with RevPAR exceeding $108 and 9.8% YOY growth in the March trailing twelve month period.
- Unencumbered by debt and management, with the ability to retain the SpringHill Suites brand under a new 15-year term license
- Significant value-add opportunity for a prospective owner to acquire at an attractive basis well below the estimated replacement cost
- Opportunity to purchase an institutionally-owned and managed Core-branded select service asset at a discount to replacement cost, with strong operational upside post-PIP, and with hands-on management
Location Highlights
- Proximate to all regional major regional demand drivers, including Frito-Lay (PepsiCo) manufacturing plant, Save Mart Supermarkets HQ, Sutter Memorial Medical Center, Kaiser Permanente Modesto Medical Center, Doctors Medical Center of Modesto, Modesto Junior College, California State University Stanislaus (Stan State), SJVC Modesto, Modesto City-County Airport (MOD), Stanislaus Foods, and various major agriculture & food processing employers
- Ideally situated proximate to several leisure demand drivers, the Gallo Center for the Arts, John Thurman Field, McHenry Museum & Mansion, State Theatre Modesto, close to Downtown Modesto, major wineries, including E. & J. Gallo Winery (approximately 3 miles), the world’s largest family-owned winery, contributing 3% of the global annual wine supply with an estimated annual revenue of $5.3 billion, serving as the largest regional employer and lodging demand driver
- Excellent accessibility to State Route 99 via the North Carpenter Road exit, a critical north–south corridor supporting logistics and transient lodging demand, with traffic counts exceeding 125,000 vehicles daily
- Optimal time to invest in the Modesto MSA, driven by significant regional expansion projects such as Sutter Health’s $380MM Advanced Cancer Center slated to open by 2029 (7.5 miles from subject hotel), and the Altamont Corridor Express (ACE) expansion to Modesto, part of the $1.8 billion Valley Rail program, is expected to improve regional connectivity between Sacramento and Merced
