La Quinta Inn by Wyndham San Diego - Exterior
  La Quinta Inn by Wyndham San Diego Vista For Sale

CBRE Hotels;

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the La Quinta Inn by Wyndham in San Diego Vista, California. Located off Highway 78, the hotel is in proximity to Carlsbad State Beach, Oceanside Harbor, Temecula Valley Wine Country, and more than 20 public golf courses. Thanks to its ideal location, the hotel receives business from a diverse population of both corporate and leisure segments.

Investment Highlights

  • Increasing Room Revenue Trend - As a major destination market for domestic travel and booming life science industry, San Diego hotel market has seen remarkable recovery from the Covid Pandemic. The hotel’s 2021 Room Revenue has already exceeded the pre-pandemic level and its performance in 2022 has continued to demonstrate strong growth.
  • Recently Renovated - The property was under major renovation from February 2022 to October 2022. There were 7,773 offline room nights, which resulted in loss in room revenue in the hotel’s 2022 performance.
  • Underperforming the Comp Set - As of December 2022, the hotel did $74 in RevPAR and the Comp Set had an average RevPAR of $93 on a trailing 12 month basis. This project presents significant potential for a new owner to drive RevPAR increases through more focused revenue management.
  • IHOP Restaurant Included - The next door IHOP restaurant is included in the offering. It generates $72,000 in annual rent.​​​​​​​ 
  • Prime Location - The hotel is located close to multiple demand generators, including Carlsbad State Beach, Oceanside Harbor, Temecula Valley Wine Country, Moonlight Amphitheatre, and more than 20 public golf courses.
  • Strong Market - San Diego consistently ranks among the top ten regions in the country for its concentration of high-tech companies, distinguished universities and unrivaled quality of life. The city’s robust economy has outperformed California and U.S. averages in economic growth over the last several years. This diverse economy combined with the region’s diverse communities and global connectivity support the attraction and retention of top talent and some
    of the world’s smartest companies.

For inquiries visit here.