Location: Adjacent to the Anaheim Convention Center, Disneyland® Resort, Disneyland California Adventure® Park, Downtown Disney, and the Anaheim Garden Walk.
Name: Sheraton Park Hotel at the Anaheim Resort
No. of Keys: 486
The Property: 486 Rooms, full-service hotel, five restaurants, four buildings, 13 floors. Built in 1966 and renovated in 2014.
This offering represents an exceptional opportunity for investors to acquire an institutional quality, full-service, Marriott branded hotel in a premium location with significant operational upside through renovation/brand conversion, leasing vacant space, re-configuring the hotel layout, and the potential to add additional keys.
What makes this opportunity great is its proximity to both Disney and the Convention Center. Steady demand generation from both leisure and corporate which is sought after by hotel investors.
Potential to expand and add additional keys, ideally positioned in Anaheim’s 500-Acre Resort District
Multiple additional income sources, Including Morton’s Steakhouse lease, over 19,000 sq. ft. of meeting space, unencumbered of management.
More info can be found at this website
Main Photo: The Sheraton Park at the Anaheim Resort
Brand/Management: Brand: Marriott’s Sheraton; Management free; Could be upgraded to Renaissance.
Guide Price: US$
Agent: Auction to take place August/September 2019: Tour the hotel – August 13th – 15th and 21st & 22nd; Indicative bids – August 28th; Investors will be notified if they are selected to participate in a closed Best & Final Auction, which will be held on September 18, 2019.
Date Posted: August 2019
THPT Comment: Selling a mainstream, large hotel by auction is very rare in the UK, but not so in the USA…interesting process – see the link above.
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.