Hotels for sale in Sunnyvale, California, offer a unique investment opportunity in the heart of Silicon Valley. As a hub for technology and innovation, Sunnyvale attracts a diverse range of visitors, from business travelers to tourists, making hotels a lucrative investment. With various types of hotels available, from boutique hotels to chain hotels, investors can choose the perfect property to suit their investment goals. Sunnyvale's strategic location, with easy access to major highways and public transportation, makes it an ideal spot for hotels. The city's amenities, such as the Sunnyvale Public Library, Las Palmas Park, and Baylands Park, also contribute to its appeal. Additionally, Sunnyvale's reputation as one of the safest cities in the United States and its proximity to major companies like Infinera, Fortinet, and LinkedIn make it an attractive location for business travelers. With its rich history in the video game industry and its feature in the film WarGames, Sunnyvale is also a popular destination for tourists.
Sunnyvale's hotel market is characterized by 2 available listings, with an average price per square foot of $525 USD and an average size of 22,908 square feet. The largest hotel property available is 26,824 square feet, offering investors a range of options to choose from. In addition to hotels, Sunnyvale also offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. Restaurants in Sunnyvale, such as those in the Heritage District downtown, offer a unique dining experience, while apartment buildings provide a steady stream of rental income. Shopping centers, like those along El Camino Real, attract a high volume of foot traffic, making them an attractive investment option. With its strong economy, excellent infrastructure, and diverse range of investment opportunities, Sunnyvale is an ideal location for investors looking to diversify their portfolio.
What factors should I consider when buying a hotel in Sunnyvale?
When buying a hotel in Sunnyvale, there are several key factors to consider, including:
- The current market conditions, with 2 available listings of hotels, an average price per square foot of $525 USD, and an average size of 22,908 square feet.
- The local economy, which is driven by the technology, healthcare, and manufacturing industries, with major employers such as Infinera, Fortinet, and Intuitive Surgical, and a strong presence of commercial real estate loans, as explained in our article at CRE loans.
- The city's infrastructure and amenities, including its proximity to major roads and freeways, such as Interstate 280 and U.S. Route 101, and its 476 acres of parks, including Las Palmas Park and Baylands Park, which can impact the hotel's accessibility and appeal to guests.
How is the value of a hotel for sale typically calculated?
In Sunnyvale, California, where there are currently 2 hotel listings available, the value of a hotel for sale is typically calculated using a combination of methods, including the income approach, sales comparison approach, and cost approach. For a more in-depth understanding of the hotel valuation process, it's essential to consult with a commercial real estate expert and review resources such as our CRE appraisals article at CRE appraisal, which provides valuable insights into the hotel valuation process.
