Marcus & Millichap is pleased to present the exciting investment opportunity in the heart of downtown Los Angeles at 1101 W 7th St. This vacant plot of land spans approximately 18,024 square feet and holds great potential for development. With approved permits and plans in place for a 123-room Home2 Suites by Hilton Hotel, this investment offers a prime opportunity to capitalize on the thriving hospitality industry in one of the most dynamic markets in the United States.
The property’s location in downtown Los Angeles is a key asset, offering access to a vibrant urban environment with a high demand for accommodation. Downtown Los Angeles has experienced significant revitalization in recent years, attracting an influx of residents, businesses, and visitors. The area is known for its cultural attractions, entertainment venues, and proximity to major transportation hubs, making it an ideal destination for both leisure and business travelers. Detailed financial projections, including revenue forecasts, operating expenses, and return on investment, have been prepared based on market analysis and industry benchmarks. These projections indicate a favorable return on investment with potential for capital appreciation in the future. Further financial details and analysis will be provided upon request.
The vacant plot of land at 1101 W 7th St presents a compelling investment opportunity in downtown Los Angeles. With approved permits and plans for a 123-room Home2 Suites by Hilton Hotel, the property offers the potential for significant returns in a thriving hospitality market. Its prime location, brand recognition, and projected market growth make it an attractive investment for those looking to capitalize on the ongoing revitalization of downtown Los Angeles.
PERMITS & PLANS FOR 123-ROOM HOME2 SUITES BY HILTON HOTEL
There are specific permits and plans in place for the development of a Home2 Suites by Hilton hotel at the address 1101 W 7th St. This indicates that there are intentions to construct a hotel of this brand at that location.
BRAND RECOGNITION AND SUPPORT
The Home2 Suites by Hilton brand offers a strong reputation and a proven track record in the hospitality industry. As an extended-stay hotel concept, it caters to the growing demand for flexible and comfortable accommodations, making it well-suited for both short-term and long-term stays.
PRIME CORNER LOT AND HIGH VISIBILITY
The property is situated on a corner lot, providing excellent visibility and exposure. With approximately 270 feet of street frontage, the hotel would have a prominent presence at the intersection, making it more noticeable to passing pedestrians and motorists. The property also has great exposure from the 17,764 vehicles per day that pass along W 7th St.
WALKABILITY AND ACCESSIBILITY
With a Walkscore of 93, the property is situated in a “Walker’s Paradise,” where daily errands can be easily accomplished on foot. Additionally, the central location offers convenient access to major freeways, including the 110, 10, and 101, facilitating seamless transportation for guests.
MARKET POTENTIAL AND GROWTH
Downtown Los Angeles continues to experience ongoing development and revitalization, attracting a diverse range of visitors and businesses. The demand for quality accommodations in the area is projected to remain strong, making this investment a potential long-term income generator.