Ramada by Wyndham Modesto Yosemite Area
Turnkey, Fully Renovated Asset | Absentee Owner | $103,700/Unit
Marketing description
Ryan Kawai Sanchez and Mitchell Glasson of Matthews™ are pleased to present the exclusive listing for the Ramada Modesto. This 91-key asset underwent a comprehensive brand conversion completed in 2022 and has since achieved approximately 70% stabilization.
The property represents a compelling investment opportunity for a local or regional owner-operator to capture the remaining operational upside. Offered at a significantly below-market basis of $103,700 per key, the Ramada Modesto is positioned for immediate equity growth.
Despite the recent renovations, the hotel’s 2025 RevPAR index sits just below 70%, trailing a comp set largely comprised of inferior properties. This performance gap highlights a clear opportunity for a hands-on manager to implement aggressive sales strategies, improve online reputation, and reclaim market share from aging competitors.
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Investment highlights
Turnkey, Fully Renovated Asset – Completed in 2022, the property underwent a full down-to-the-studs renovation totaling over $4.4 million. All major systems and finishes were upgraded, leaving no near-term capital expenditures anticipated and offering a true turnkey acquisition.
Institutional-Grade Brand Affiliation – Flagged as a Ramada by Wyndham, the property benefits from affiliation with a globally recognized brand that drives consistent demand across leisure, corporate, and transient segments.
High-Visibility Location with Strong Demand Drivers – Located on McHenry Avenue, a key commercial corridor with ±34,000 vehicles per day and direct access to Highway 99, the hotel is adjacent to Doctors Medical Center Modesto and across from McHenry Village shopping center, both of which generate year-round lodging demand and visibility.
Operational Upside with Continued Stabilization – Now in its fourth full year post-redevelopment, the asset remains in stabilization. STR data shows underperformance versus lower-tier competitors, creating an opportunity for an experienced operator to enhance performance through revenue management and cost controls.
Robust Demographic and Economic Context – Positioned in Modesto at the heart of California’s Central Valley, the property benefits from a strong agricultural and industrial economy. The surrounding area supports demand with ±281,000 residents within five miles and an average household income of $92,821.
Additional Opportunity: The parking lot behind the hotel (separate parcel) is leased to the neighboring hospital and is available for an additional $750,000, currently generating $54,000 NOI annually (7.20% cap rate).
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