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33922002
33925333

3500 E. Colorado Blvd, Pasadena, CA 91107-3832

AS
CA 01411105
Signature Hospitality Advisors
Rad Commercial Realty
Listed by Signature Hospitality Advisors, Rad Commercial Realty
$21,980,000
3 days on market
Updated 3 days ago

Holiday Inn Express & Suites Pasadena and retail PORTFOLIO

Details
Property Type Retail, Hospitality
Sub Type Hotel
Square Footage 39,788
Keys 93
Cap Rate 6.50%
NOI $1,325,015
Occupancy 77.6%
Tenancy Multi
Lease Type NN
Year Built 1990
Stories 4
Acreage 89298.000
Parking Spaces 1.29 per key
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Holiday Inn Express & Suites Pasadena | 93-Key Hotel + Strip Retail Center | Value-Add NOI Growth Op

Marketing description

Signature Hospitality Advisors, in cooperation with RAD Capital Group as Capital Advisor, exclusively presents a rare dual-income acquisition opportunity purpose-built for passive investors, family offices, and institutional buyers — a stabilized hotel-and-retail campus at 3500 E. Colorado Boulevard on the iconic Rose Parade route in Pasadena, California. The portfolio is offered at $21,980,000, with the hotel allocation at $16,800,000 and retail allocation at $5,200,000. The offering combines IHG-branded lodging demand, Pasadena event and institutional demand drivers, and durable retail cash flow. Here is the link to Offering Memorandum:

https://deals.radcre.com/holiday-inn-express-suites-pasadena-los-angeles-by-ihg

Investment highlights

  • #1 REVPAR IN COMPETITIVE SET - The hotel ranked #1 in RevPAR within its 7-property STR competitive set on a trailing 12-month basis through January 2026, achieving an RGI of 1.292 and MPI of 111.5 — outperforming occupancy, ADR, and RevPAR simultaneously.
  • DUAL-INCOME CASH FLOW — HOTEL + RETAIL - Two income streams under one ownership: hotel T-12 NOI of $1,000,623 plus retail T-12 NOI of $324,392 at a 99.3% margin. Combined T-12 NOI: $1,325,015.
  • IHG FLAG + 100M MEMBER LOYALTY NETWORK - Holiday Inn Express & Suites benefits from IHG centralized revenue management, global distribution, and IHG One Rewards — one of the largest hotel loyalty programs in the world.
  • ROSE PARADE ROUTE — IRREPLACEABLE LOCATION - Situated directly on the historic Tournament of Roses Parade route at 3500 E. Colorado Blvd, with event demand from the Rose Bowl, Caltech, JPL, Huntington Memorial, and the Pasadena Convention Center.
  • SUPPLY-CONSTRAINED MARKET — HIGH BARRIER TO ENTRY - Strict zoning, high land costs, and entitlement complexity limit new hospitality supply in Pasadena, supporting durable pricing power for well-positioned existing assets.
  • BIFURCATION FLEXIBILITY - The portfolio may be acquired at $21,980,000 or bifurcated into $16,800,000 for the hotel and $5,200,000 for the retail component.

Here is the link to Offering Memorandum:

https://deals.radcre.com/holiday-inn-express-suites-pasadena-los-angeles-by-ihg

Listing Contacts

AS
CA 01411105
Signature Hospitality Advisors
Rad Commercial Realty
Listed by Signature Hospitality Advisors, Rad Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,325,015.00
$110,417.92/mo

Valuation Metrics

0
DSCR
6.03%
Cap Rate
6.03%
ROI

Map

Zoning

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MXD MixedMixed UseMixed Use Development
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Amit Sharma
License
01411105
Brokerage
Signature Hospitality Advisors
Brokerage Phone
949-522-8262
Title
President
Name
Majid Radaei, MBA CRE Broker(Hotel, Multi Family)
License
02126758
Brokerage
Rad Commercial Real Estate
Brokerage Phone
8183342111
Title
CA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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