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Red Roof Inn & Suites Monterey 2227 N Fremont St 55 Room Hotel Monterey, CA 93940 $16,516,984 CAD ($300,309 CAD/Room)
Investment Highlights
- 55 Key Hotel with 1,500 sqft Manager's Quarters providing on-site living or additional revenue potential
- Situated on ±1.5+ Acres across two parcels, allowing for future flexibility and potential expansion
- Minutes to Top Tourist Destinations including Monterey Bay Aquarium, Cannery Row, Fisherman's Wharf, and Del Monte Beach
- 2 Commercial Retail Buildings - 100% Leased with 4 Long-Term Tenants
- Value-Add Opportunity through repositioning, branding, or operational improvements
- 1 mile from Monterey Regional Airport
Executive Summary
Western Hotel Brokers presents a rare opportunity to acquire the Red Roof Inn & Suites Monterey—a unique investment opportunity in one of California’s most desirable coastal markets. This 55-key exterior corridor property also includes a spacious 1,500 SF manager’s quarters, offering both operational convenience and added value.
The offering is further enhanced by two on-site retail/commercial buildings, currently 100% leased to four long-term tenants, providing immediate, stable income alongside the hotel operations.
Situated on two parcels totaling over 1.5 acres, the property offers exceptional flexibility and upside potential for investors looking to reposition, expand, or capitalize on Monterey’s strong tourism demand.
Ideally located minutes from top attractions, including the Monterey Bay Aquarium, Fisherman's Wharf, Del Monte Beach, Cannery Row, and just 1 mile from Monterey Regional Airport. This asset benefits from consistent visitor traffic year-round.
With multiple revenue streams, a prime location, and significant growth potential, this is a rare opportunity to acquire a well-positioned hospitality asset in Monterey. The potential here is truly unlimited.
Do not disturb management. Call for details or to schedule a showing: 805-807-1782
The offering is further enhanced by two on-site retail/commercial buildings, currently 100% leased to four long-term tenants, providing immediate, stable income alongside the hotel operations.
Situated on two parcels totaling over 1.5 acres, the property offers exceptional flexibility and upside potential for investors looking to reposition, expand, or capitalize on Monterey’s strong tourism demand.
Ideally located minutes from top attractions, including the Monterey Bay Aquarium, Fisherman's Wharf, Del Monte Beach, Cannery Row, and just 1 mile from Monterey Regional Airport. This asset benefits from consistent visitor traffic year-round.
With multiple revenue streams, a prime location, and significant growth potential, this is a rare opportunity to acquire a well-positioned hospitality asset in Monterey. The potential here is truly unlimited.
Do not disturb management. Call for details or to schedule a showing: 805-807-1782
Property Facts
| Price | $16,516,984 CAD | Building Size | 28,048 SF |
| Price Per Room | $300,309 CAD | No. Rooms | 55 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1976/2018 |
| Property Subtype | Hotel | Parking Ratio | 1.15/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.09 AC | ||
| Zoning | CR-2 | ||
| Price | $16,516,984 CAD |
| Price Per Room | $300,309 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 28,048 SF |
| No. Rooms | 55 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2018 |
| Parking Ratio | 1.15/1,000 SF |
| Corridor | Interior |
| Zoning | CR-2 |
Amenities
- On-Site Retail
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $181.70 CAD | - |
| Guest Room | 46 | $105.99 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 013-121-020-000 | Improvements Assessment | $3,584,409 CAD |
| Land Assessment | $3,747,921 CAD | Total Assessment | $7,332,330 CAD |
Property Taxes
Parcel Number
013-121-020-000
Land Assessment
$3,747,921 CAD
Improvements Assessment
$3,584,409 CAD
Total Assessment
$7,332,330 CAD
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Red Roof Inn & Suites Monterey | 2227 N Fremont St
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