ANAHEIM, CA—August 13, 2019—RealINSIGHT Marketplace and Berkadia are pleased to offer for sale the leasehold interest in the 486-room, Sheraton Park Hotel at The Anaheim Resort for your acquisition consideration. Located steps from the Anaheim Convention Center, Disneyland® Resort, Disneyland California Adventure® Park, Downtown Disney, and the Anaheim Garden Walk. This represents an exceptional opportunity for investors to acquire an institutional quality, full-service, Marriott branded hotel in a premium location with significant operational upside through renovation/brand conversion, leasing vacant space, reconfiguring the hotel layout, and the potential to add additional keys.
The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace through a unique custom auction process.
About the Property:
- 486 Rooms
- Full Service
- Five Restaurants
- Four Buildings
- 13 Floors
- Renovated in 2014
This offering represents an exceptional opportunity for investors to acquire an institutional quality, full-service, Marriott branded hotel in a premium location with significant operational upside through renovation/brand conversion, leasing vacant space, reconfiguring the hotel layout, and the potential to add additional keys.
What makes this opportunity great is its proximity to both Disney and the Convention Center. Steady demand generation from both leisure and corporate which is sought after by hotel investors.
Key Highlights Include:
- Potential to Expand and Add Additional Keys
- Ideally Positioned in Anaheim’s 500-Acre Resort District
- Adjacent to Disneyland Park, Disney California Adventure Park, Downtown Disney District, the new Star Wars Galaxy’s Edge, and the Anaheim Convention Center
- Multiple Additional Income Sources, Including Morton’s Steakhouse Lease
- Over 19,000 SF of Meeting Space
- Significantly Below Replacement Cost
- Unencumbered of Management
Tour Dates Are Available: August 13th-15th & 21st-22nd
Indicative Bids Are Due: August 28th
Investors will be notified if they are selected to participate in a closed Best & Final Auction, which will be held on September 18, 2019.
For more information on Sheraton Park Anaheim, including Due Diligence materials:
Please visit ri-marketplace.com/SheratonAnaheim
Kyle Stevenson | Berkadia
Matthew Bailly | Berkadia
Mark Morris | Berkadia