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December 12, 2018
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INLAND EMPIRE NEWS
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Inland Empire Hotel Asset Trades for $94k/Room

1/03/18

The Best Western Moreno Hotel & Suites, a 120-room hospitality property located in Moreno Valley, has sold in an $11.24 mil ($93.7k/room) transaction.

Built in 1986, the Best Western Moreno Hotel & Suites is located at 24840 Elder Ave, along State Route 60. The three-story building consists of all courtyard-style, exterior corridor rooms.

Gordon Allred with Marcus & Millichap represented the seller, a limited liability company. The buyer was repped by Aseem Tandon and Shweta Kumari, also with Marcus & Millichap. Financing was arranged by M&Mís Ron Balys.





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