Flat Screen Television
Work Desk with Ergonomic Chair
Mini Refrigerator
Coffee/Tea Machine
Hotel Amenities
Business Center
4 Meeting Rooms (Total Occupancy of 60 Guests)
2200 Square Feet Banquet Space that splits into 4 Meeting Rooms
Breakfast Area
Pool & Hot Tub
Investment Summary
Mazili Hotel Group is pleased to present for sale to qualified investors the Ramada Barstow (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $7,000,000 or $47,297 per key.
The Ramada Barstow is a 148-room, midscale Hotel established at 1511 East Main Street, just off the intersection of Interstate 15, Interstate 40, and Main Street. The Property is approximately 80,885 square feet across three floors and maintains amenities including 2,200 square feet of meeting and event space, an outdoor pool, a business center, and guest laundry services.
The limited-service Hotel recorded room revenues of over $2.73 in 2022, a solid 17 percent Increase from 2021, $2.28 million in 2021, a significant 14 percent increase from 2019. Operationally, the Hotel maintained healthy cashflows with a pass-through net operating income of approximately 31.6 percent after a four percent capital replacement reserve. Net operating income after interest, taxes, depreciation, and amortization equates to more than $722.9 thousand. An experienced owner-operator can expect to achieve a 20.72 percent cash on cash return in year one and a 36.01 percent overall 5-year IRR.
Kaiser Permanente
Riverside Community Hospital
AT&T
Loma Linda University Medical Center
Flexsteel Industries
Walmart
University of California, Riverside
Amazon
Barstow, California is a city located in San Bernardino County in the Mojave Desert, about 115 miles east of Los Angeles, CA and 150 miles southwest of Las Vegas, NV. The Ramada Barstow is located off Interstate 15, near a multitude of nationally acclaimed retailers and restaurants. With the city’s major employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the city which include military, retail, and health care.
Marine Corps Logistics Base and Raytheon Tech Services, two of the city’s largest employers, located approximately 7.8 miles and 1.2 miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers responsible for a significant portion of the workforce include Fort Irwin National Training Center, BNSF Railroad, and Barstow Community Hospital. Revenue generators in the area, like the Outlets at Barstow, Route 66 Mother Road Museum, Mojave National Preserve, and the Western American Railroad Museum help bring additional revenue to the Hotel through an increase in transient business.
