The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 15, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Anaheim Hotel Adjacent to Disneyland Sells for $195k/Room

9/22/22

An OC-based real estate syndication group paid $8.6 mil for a 44-key ($195.4k/unit) Days Inn by Wyndham hotel adjacent to Disneyland in Anaheim.

The hotel is located at 1030 W. Ball Rd at the northwest corner of Disneyland Dr, within walking distance to the famed theme park and Downtown Disney. Days Inn by Wyndham features spacious guest rooms, including king-bed, two-queen bed, and three-queen bed configurations. The guest amenities include free breakfast and Wi-Fi, onsite parking, a 24-hour reception desk, and coin-operated laundry rooms.

Having not been renovated since it was built in 1983, the hotel represents an excellent value-add/reposition opportunity, especially as we come out of the pandemic, according to Otto Ozen, who, along with Alex Mogharebi, both with The Mogharebi Group, represented the buyer in the deal.

“Hotels around Disneyland suffered as the pandemic forced the theme park to close for more than a year, and it wasn’t until May 2022 that it operated at full capacity,” said Ozen. “Now that its attendance has increased, we are beginning to see key hospitality metrics in the area improve, which bodes well for the new ownership,” he said. “With much needed improvements, ownership will be able to leverage the hotel’s prime location to seize the tremendous upside that exists, especially given the expansion and improvement plans for Disneyland announced by Disney at D23 last week.”





Return to the Archive page


 


 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media