The Hotel Fresno OFFERING MEMORANDUM Asking Price: $12,500,000.00 3737 N. Blackstone Ave., Fresno, CA 93726 Owners are willing to carry with 50% Contact: Bac Tran 714-353-3870 down payment, 7% interest only,
[email protected] 2 points, 3-year term. Or Hoang Tran 714-926-2072
[email protected] EXECUTIVE SUMMARY The Tran Family is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the 204-room, The Hotel Fresno & Conference Center, AKA Four Points by Sheraton, located directly across from the Manchester Mall, Fresno, California. The Hotel Fresno & Conference Center is operating as an independent hotel which has the potential opportunity to convert to another brand or to another use such as multifamily residential, student housing, senior living, or assisted living facilities. There are 3 parcels for this property, 8.85 acres. The current owner obtained a Lot Line Adjustment for an approved 96,000-sqft mixed-use building, with 20,000- sqft retail on the ground floor and 48-apartment units on top. EXECUTIVE SUMMARY Site: Room Amenities: APNs: 435-020-09, 435-020-11, & 435-020-12 Beautifully decorated rooms & suites -74 rooms with queen beds, 124 Acreage: 8.85 +/- Acres rooms with King bed, 3 rooms with King bed suites, 3 rooms with sofa, table/ living room. The Hotel was originally developed in 1972 including the Smugglers Restaurant & Banquet facility. Free Wireless high speed internet access in all guest rooms with data ports and in public spaces The property was recently operated under the Four Points by Sheraton until December 2011 converted to Park Inn by Radisson Fitness room.