A private investor sells the 61-room Best Western Salinas Valley Inn & Suites in Salinas for $9.995 million.
A private investor has finalized the sale of the Best Western Salinas Valley Inn & Suites, a 61-room select-service hotel located at 187 Kern St. in Salinas, California. The transaction, valued at $9.995 million, reflects a price of approximately $164,000 per room.
The property is situated near Highway 101 and Historic Downtown Salinas, positioning it within a constrained hospitality market. This sale highlights ongoing investment activity in Monterey County's lodging sector.
Peachtree Group opens the 220-room TownePlace Suites by Marriott in Palmdale, California.
Slatt Capital secures $12.06 million in acquisition financing for a 200-unit, two-property hospitality portfolio in Rohnert Park.
Dreamscape Hospitality assumes management of the 299-room Delta Hotels by Marriott Ontario Airport in Ontario, California.
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