Please Wait ...

Rare Opportunity to Acquire Significant Anaheim Hotel next to Disneyland and Convention Center


Tour Dates
Call Berkadia to Reserve Your Tour Now

RealINSIGHT Marketplace and Berkadia Real Estate Services are pleased to offer for sale the leasehold interest in the 486-room Sheraton Park Hotel @ The Anaheim Resort (the “Hotel” or “Property”). 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.

Overview

  • Marriott branded hotel with premier loyalty program
  • Ability to maintain Sheraton or convert to Renaissance, expand the meeting space, lease vacant space, 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, & the Anaheim Convention Center
  • Multiple additional income sources including Morton’s lease
  • Over 19,000 SQ FT of meeting space
  • Significantly below replacement cost
  • Unencumbered of Management and Debt

With a deep bench of experienced mortgage banking professionals across the country, the Berkadia Hotels & Hospitality team has the capability to provide debt and equity solutions from a variety of best-in-class financing partners for hotel and resort projects of any size and in any location.

Berkadia’s team of professionals can provide access to the capital you need through flexible, customized lending solutions.

Benefits include:

  • Lender Access to the property to conduct Lender inspections and 3rd party reports
  • Seller will accept additional requests for information requested through Berkadia for Lender Due Diligence, Underwriting, and Documentation (seller will accept requests but cannot rep or warrant requested items are in its possession or able to be produced).

 

How do you receive these benefits?

    1. Contact Berkadia’s Hotels & Hospitality Capital Markets team (now)
    2. Complete Finance Pre-Screening (before auction)
    3. Complete Debt Placement Agreement (before auction)
    4. Complete Bid Registration Process (before auction)
    5. Win Auction
    6. Fulfill Lender Checklist
    7. Close Loan

 

INDUSTRY LEADING MORTGAGE BANKING FIRM

Berkadia is an industry-leading real estate company, providing comprehensive capital solutions that help their clients win the deal.

In today’s competitive landscape for quality hotel transactions, the best opportunities require a strategic approach to your capital stack.  Anything less could mean leaving money on the table.

With a focused expertise, let Berkadia Hotels & Hospitality provide the acquisition financing solution that is right for you.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Sheraton Park Anaheim

1855 South Harbor Boulavard, Anaheim, CA 92802

Sold Subject To
  • Asset Type
  • Real Estate (Leasehold)
  • Land Area
  • 10.81 Acres
  • Year Built
  • 1966
  • Year Renovated
  • 2014
  • Number of Floors
  • 13
  • Number of Buildings
  • 4
  • Parking Count
  • 645
  • Occupancy
  • 78.70%
  • Occupancy as of
  • Jun 30, 2019
  • Hospitality Type
  • Full Service
  • Number of Rooms
  • 486 Rooms
  • Average Daily Rate
  • $153.82
  • Revenue Per Room
  • $121.11
  • Function Space Area
  • 19,160 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Emilio Lemeni

      c/o Fisher Auction Company Inc.

      License: 00961384