Listed by Marcus & Millichap - Encino
$8,000,000
Hotel Gigi
Details
APN 535-121-02-00
Property Type Hospitality
Sub Type Hotel
Square Footage 9,000
Keys 20
Beds 20
Cap Rate 9.96%
Occupancy 78%
Pro-Forma Cap Rate 9.62%
Pro-Forma NOI $769,697
Price per SqFt $889
Broker Co-Op Yes
Year Built 2022
Buildings 1
Stories 2
Acreage 0.070
Zoning CCPD-ER
Investment Type Value Add
Ownership Fee Simple
20 Room Hotel with 1800 sqft restaurant space in prime San Diego Location!
Marketing description
The Nevarez Group of Marcus & Millichap is thrilled to present Hotel Gigi, an extraordinary investment opportunity in San Diego’s lively Gaslamp District. With its brand-new built two-story building featuring 20 rooms, this property seamlessly blends charm with modern amenities, ensuring an unforgettable guest experience. Additionally,
the soon-to-be-completed brand-new restaurant adds another layer of appeal, providing the new owner with the chance to infuse their personal touch and culinary vision into this exciting venture. Don’t miss out on the chance to be part of this vibrant hospitality opportunity in one of San Diego’s most sought-after locations!
Hotel Gigi’s location in San Diego’s vibrant entertainment hub and its proximity to popular attractions make it an appealing investment. With the reopening in 2022, the
hotel is poised to write a new chapter in its storied history, offering guests a blend of sophistication and warmth. The inclusion of an 1,800-square-foot restaurant adds to its allure, providing an additional avenue for revenue generation. For an investor looking to make their mark in the hospitality industry, this opportunity presents the perfect canvas to add their unique touches and contribute to the success of a brand-new establishment.
Investment highlights
- Brand New Built in 2022
- Brand New Restaurant for a new operator or to lease
- Upside with new owner-operator or management company
- Walking distance to Petco Park, restaurants, and major attractions in Gaslamp
- Near restaurants and major attractions in Gaslamp Quarter
- Minutes to San Diego Zoo, Sea World, and Children’s Museum
- Minutes to San Diego International Airpot
Listing Contacts
Listed by Marcus & Millichap - Encino
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
