News for the Hospitality Executive
PKF Capital Hotel Realty Marketing
the Marriott Norwalk For Sale
November 21, 2008 - PKF Capital Hotel Realty, as exclusive agent for the ownership, is offering for sale the Marriott Norwalk, located on Interstate 5, just 15 minutes south of Downtown Los Angeles in the City of Norwalk, California. The 8-story hotel features 171 rooms, a restaurant and bar, and over 14,000 square feet of meeting space. Additionally, an opportunity exists to redevelop an adjacent parcel.
This is an excellent upside opportunity to acquire a recently renovated, non-union, full-service hotel unencumbered by management. The property has been underperforming in a strong market due to on-going renovations and management issues. Renovations are scheduled to be completed by the end of the year and new management has recently been put in place.
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Contact the undersigned for more information.