IRVINE, California – Feb. 11, 2015 – On behalf of the Original Developer, Atlas Hospitality Group (www.atlahospitality.com) is pleased to offer the fee-simple interest in the Residence Inn and the Courtyard by Marriott, located in Stockton, California.
The Residence Inn features 104 rooms while the Courtyard offers 89 rooms. The Residence Inn is the #1 guest rated hotel in Stockton by TripAdvisor, while the Courtyard was awarded the “Courtyard of the Year” by Marriott International for all of North America in 2011.
Both properties have undergone extension renovations recently and are generating excellent existing cash flow with the potential to increase top and bottom line revenue in an increasing market.
The portfolio offering sits one hour east of the San Francisco Bay Area. Located in the upscale Brookside neighborhood of Stockton, the Residence and Courtyard are positioned to take advantage of the vibrant surrounding community of businesses and leisure travelers.
“This is an incredible opportunity to purchase a Marriott portfolio, from the Original Developer,” said Feist. “Rare in California do you see two Marriott branded Hotels available with great existing cash flow and the benefit of side-by-side ownership to maximize profits in an increasing market.”
