Hotels in Victorville, California, are a lucrative investment opportunity for those looking to capitalize on the city's growing tourism industry. With a population of approximately 130,000, Victorville is an attractive destination for travelers and business professionals alike. Hotels in Victorville offer a range of investment opportunities, from boutique hotels to large chain establishments, catering to different segments of the market. The city's strategic location, with easy access to major transportation hubs like the Southern California Logistics Airport and the Victor Valley Transportation Center, makes it an ideal spot for hotels. Additionally, Victorville's amenities, such as the Desert Valley Hospital, Victor Valley Global Medical Center, and the Victorville City Library, provide a comfortable and convenient experience for guests. The city's educational institutions, including Victor Valley Community College, also attract visitors and create a demand for hotel accommodations.
With 3 hotels for sale in Victorville, investors have a range of options to choose from. The average price per square foot for hotels in Victorville is $206 USD, with an average size of 18,212 square feet. The largest hotel available for sale spans 27,000 square feet. Victorville's hotels offer an average cap rate of. In addition to hotels, Victorville also offers other investment opportunities, such as restaurants, apartment buildings, and shopping centers. For instance, restaurants in Victorville benefit from the city's growing population and tourist traffic, while apartment buildings cater to the demand for housing from students and professionals. Shopping centers in Victorville, like the Old Town Victorville district, offer a unique retail experience, attracting visitors from surrounding areas. Overall, Victorville presents a diverse range of investment opportunities, making it an attractive destination for investors.
What factors should I consider when buying a hotel in Victorville?
When considering buying a hotel in Victorville, there are several key factors to take into account, including:
- The current state of the local economy, which is driven by industries such as transportation, logistics, and education, and is supported by major employers like the Southern California Logistics Airport and Victor Valley College.
- The demand for accommodations, which can be influenced by the city's location at the southwestern edge of the Mojave Desert, its proximity to major transportation hubs like the Victor Valley Transportation Center and the Southern California Logistics Airport, and its relatively affordable prices compared to nearby cities like Los Angeles.
- The availability and affordability of commercial real estate loans, such as CRE loans, which can be used to finance hotel purchases and renovations, and can be researched further in our article at commercial real estate loans.
Additionally, it's essential to research the local market, including the 3 available listings of hotels, with an average price per square foot of $206 USD and an average size of 18,212 square feet, as well as the largest size available being 27,000 square feet. Furthermore, consider the average cap rate of to determine the potential return on investment.
How is the value of a hotel for sale typically calculated?
In Victorville, California, where there are currently 3 hotel listings available, the value of a hotel for sale is typically calculated using a combination of factors, including the property's income, expenses, and market value. A CRE appraisal, as discussed in our article at CRE appraisals, is often used to determine the hotel's value, taking into account its average cap rate of , average price per square foot of $206 USD, and average size of 18,212 square feet, as well as the largest available property size of 27,000 square feet.
