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Radisson by Choice Fresno Conference Center 1055 Van Ness Ave 197 Room Hotel Fresno, CA 93721 $27,010,036 CAD ($137,107 CAD/Room)
Investment Highlights
- Dual-Path Redevelopment: Execute a 197-key hotel repositioning or pursue a 197-unit apartment conversion, with potential expansion to approximately 23
- Plans Ready to Execute: Professional hotel renovation design package completed with multiple FF&E bids secured.
- Prime Downtown Location: Near the Fresno County Courthouse, future high-speed rail infrastructure and Historic Chinatown, with approximately 50% of un
- Opportunity Zone: Located within a federally designated Opportunity Zone offering potential long-term tax advantages for qualifying investors.
- Recent Capital Improvements: Roofing and waterproofing completed, along with fire alarm and fire sprinkler system improvements.
Executive Summary
1055 Van Ness Avenue presents a rare redevelopment opportunity in the heart of Downtown Fresno. The vacant, former Radisson Hotel consists of a nine-story, 130,358 SF concrete-and-steel building with 197 existing hotel keys on approximately 0.90 acres. The property provides investors with two compelling execution strategies: reposition the asset as a full-service hotel utilizing completed professional design plans and FF&E bids, or convert the existing rooms into 197 apartments with potential expansion to approximately 234 units. Located within a federally designated Opportunity Zone, the property also benefits from significant public investment and revitalization efforts underway throughout Downtown Fresno.
Property Facts
| Price | $27,010,036 CAD | Building Size | 130,358 SF |
| Price Per Room | $137,107 CAD | No. Rooms | 197 |
| Sale Type | Investment | No. Stories | 9 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.90 AC | ||
| Zoning | C-4, Fresno | ||
| Price | $27,010,036 CAD |
| Price Per Room | $137,107 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 130,358 SF |
| No. Rooms | 197 |
| No. Stories | 9 |
| Year Built | 1960 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C-4, Fresno |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $192.53 CAD | - |
| Guest Room | 192 | $150.98 CAD | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 466-240-08 | Improvements Assessment | $3,259,211 CAD |
| Land Assessment | $725,808 CAD | Total Assessment | $3,985,019 CAD |
Property Taxes
Parcel Number
466-240-08
Land Assessment
$725,808 CAD
Improvements Assessment
$3,259,211 CAD
Total Assessment
$3,985,019 CAD
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Radisson by Choice Fresno Conference Center | 1055 Van Ness Ave
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