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La Quinta Inn & Suites Fremont/Silicon Valley – Image Credit CBRE
The La Quinta Inn & Suites in Fremont, California, is listed for sale, offering a 148-room property with potential management and investment opportunities.
The La Quinta Inn & Suites located in Fremont, California, is now available for acquisition. This property is corporate-owned and consists of 148 rooms across five stories. It is situated off Interstate 880 in the southeast San Francisco Bay Area, providing access to major business and leisure destinations.
Investment Potential
The hotel is presented as an opportunity for new ownership to capitalize on management upside. The current operator’s global scale and corporate overhead suggest potential benefits for a more localized management approach. The property will be delivered without existing management, allowing new operators to implement cost-control measures.
Franchise Agreement Details
The Wyndham Franchise Agreement includes a favorable Property Improvement Plan (PIP) cap, which is transferable to the buyer. Following the capped PIP, there is a six-year PIP holiday, providing a period without additional mandatory improvements.
Location Advantages
The hotel is strategically located near several key demand generators. It is 11 miles from Norman Y. Mineta San Jose International Airport and is close to major companies, including Tesla Fremont Gigafactory, HPE, Seagate, Western Digital, and Amazon’s Warehouse. Additionally, the Pacific Commons Shopping Center and local attractions, such as Mission Peak and Mission San Jose, are nearby.
Fremont’s Economic Landscape
Fremont is recognized as the “hardware side of the Bay,” with over 900 advanced manufacturing companies. This sector accounts for one in every four jobs in the city. Fremont also boasts the largest industrial real estate inventory in the region, attracting innovative companies seeking large-format spaces.
Inquire at CBRE.
