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San Bernardino Hotel & Conference 295 N E St 230 Room Hotel San Bernardino, CA 92401 $20,545,650 CAD ($89,329 CAD/Room)
Investment Highlights
- This former national flag hotel comprises 232 rooms and includes a restaurant, bar, laundry room, drying cleaning, and other amenities.
- The building spans 12 stories with beautiful views of the San Bernardino Mountains and is attached to a conference center leased from the city.
- The property presents a significant opportunity to rebrand as a new hotel, a hospital, multifamily apartments, or an assisted living community.
- Within minutes of the Inland Center mall, household name restaurants, and lush parks including Meadowbrook Park and Seccombe Lake Rec Area.
Executive Summary
This incredible opportunity provides a former hotel and conference facility with versatile reuse potential and a prime location at the heart of San Bernardino, California at 295 N East Street.
Comprising a total of 102,000 square feet, this hospitality property spans a total of 232 rooms and has been out of operation since 2008. The 12-story property boasts wall-to-wall windows with beautiful views of the San Bernardino Mountains. Formerly operating under several national flags, there is significant upside to rebrand the property as a new hotel, hospital, multifamily apartment community, or assisted living facility. The interiors are mostly intact, offering a restaurant, bar, laundry room, dry cleaning, and other amenities. A large convention center is attached to the property that is leased from the city.
Positioned at the heart of Downtown San Bernardino, 295 N East Street sits within walking distance of local government institutions, shopping and dining amenities, and beautiful outdoor spaces. Within five minutes, guests and tenants can enjoy 110 upscale brands at the Inland Center mall, as well as nearby locations for Starbucks, Del Taco, In-N-Out Burger, Jack in the Box, and Panda Express. The surrounding area offers best-in-class recreation and entertainment at the California Theatre of the Performing Arts, the Orange Show Speedway, and the Meadowbrook Park and Seccombe Lake Recreation Areas.
Comprising a total of 102,000 square feet, this hospitality property spans a total of 232 rooms and has been out of operation since 2008. The 12-story property boasts wall-to-wall windows with beautiful views of the San Bernardino Mountains. Formerly operating under several national flags, there is significant upside to rebrand the property as a new hotel, hospital, multifamily apartment community, or assisted living facility. The interiors are mostly intact, offering a restaurant, bar, laundry room, dry cleaning, and other amenities. A large convention center is attached to the property that is leased from the city.
Positioned at the heart of Downtown San Bernardino, 295 N East Street sits within walking distance of local government institutions, shopping and dining amenities, and beautiful outdoor spaces. Within five minutes, guests and tenants can enjoy 110 upscale brands at the Inland Center mall, as well as nearby locations for Starbucks, Del Taco, In-N-Out Burger, Jack in the Box, and Panda Express. The surrounding area offers best-in-class recreation and entertainment at the California Theatre of the Performing Arts, the Orange Show Speedway, and the Meadowbrook Park and Seccombe Lake Recreation Areas.
Property Facts
| Price | $20,545,650 CAD | Building Size | 102,000 SF |
| Price Per Room | $89,329 CAD | No. Rooms | 230 |
| Sale Type | Investment | No. Stories | 12 |
| Property Type | Hospitality | Year Built | 1985 |
| Property Subtype | Hotel | Parking Ratio | 0.98/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.47 AC | Opportunity Zone |
Yes
|
| Zoning | HD - Hospitality | ||
| Price | $20,545,650 CAD |
| Price Per Room | $89,329 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 102,000 SF |
| No. Rooms | 230 |
| No. Stories | 12 |
| Year Built | 1985 |
| Parking Ratio | 0.98/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HD - Hospitality |
Amenities
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 230 | $115.06 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0134-311-49 | Improvements Assessment | $6,384,391 CAD |
| Land Assessment | $517,654 CAD | Total Assessment | $6,902,045 CAD |
Property Taxes
Parcel Number
0134-311-49
Land Assessment
$517,654 CAD
Improvements Assessment
$6,384,391 CAD
Total Assessment
$6,902,045 CAD
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East Coast Real Estate LLC
San Bernardino Hotel & Conference | 295 N E St
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