Additional Opportunity: The parking lot is valued at $750,000 with a 7.20% cap rate and $54,000 NOI.

• Turnkey, Fully Renovated Asset – Completed in 2022, the property underwent a full down-to-the-studs renovation totaling over $4.4 million. All major systems and finishes were upgraded, leaving no near-term capital expenditures anticipated and offering a true turnkey acquisition.
• Institutional-Grade Brand Affiliation – Flagged as a Ramada by Wyndham, the property benefits from affiliation with a globally recognized brand that drives consistent demand across leisure, corporate, and transient segments.
• High-Visibility Location with Strong Demand Drivers – Located on McHenry Avenue, a key commercial corridor with ±34,000 vehicles per day and direct access to Highway 99, the hotel is adjacent to Doctors Medical Center Modesto and across from McHenry Village shopping center, both of which generate year-round lodging demand and visibility.
• Operational Upside with Continued Stabilization – Now in its fourth full year post-redevelopment, the asset remains in stabilization. STR data shows underperformance versus lower-tier competitors, creating an opportunity for an experienced operator to enhance performance through revenue management and cost controls.
• Robust Demographic and Economic Context – Positioned in Modesto at the heart of California’s Central Valley, the property benefits from a strong agricultural and industrial economy. The surrounding area supports demand with ±281,000 residents within five miles and an average household income of $92,821.