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Holiday Inn Express Downtown Sacramento | SOLD - Availability Details

728 16th Street, Sacramento, CA 95814

  • For Sale $18,900,000
  • Property Type Other
  • Property Size 81,814 Sqft
  • Lot Size 1.18 Acre
  • Date Updated Aug 24, 2021
The Holiday Inn Express offers an incredible location in downtown Sacramento blocks away from the State Capitol and government offices, entertainment and convention venues, and multiple leisure and corporate demand generators including the historic Governor’s Mansion, Sacramento Convention Center, Wells Fargo Arena, Civic Auditorium, State Capitol, Music Circus, Old Town. Sacramento, Sacramento Jazz Festival, Arden Fair Mall, Cal Expo, Raley Fields, Cal State University, UC Davis Medical Center, and Sacramento Zoo to list a few of the more prominent attractions currently in place. The property’s location is a strong positive advantage compared to its competition, as it is the closest mid-scale property to the Convention Center and Wells Fargo Pavilion, and reportedly commands much of the city’s convention business. Upside potential exists with a focused marketing effort to solidify the property’s position as the unofficial “host hotel” for convention business. Additionally, there are several rehabilitation and new construction projects composing of mostly mid-class and high-end multi-family units.
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Location

  • City Sacramento, CA
  • Neighborhood Downtown Sacramento
  • Zip Code 95814
  • Market Sacramento

Contacts

broker

Dan Hayward

Roseville

(916) 390-4240

Highlights

  • Priced significantly below replacement cost
  • Conversion Opportunity to Student Housing/Multifamily/Senior Housing
  • Downtown CORE / High Barrier Market
  • Property is Closed extended period / Potential Termination of Union
  • Property is unencumbered by a management agreement
  • The lobby is renovated to meet Formula Blue standards

Attachments

Contact Listing Broker

broker

Dan Hayward

Roseville

(916) 390-4240

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