$16,000,000 SALE
34,436 SF
1510 E Colorado St.
Glendale, CA, CA 91205 Glendale Lodge 1510 E Colorado St, Glendale, CA 91205

EXECUTIVE SUMMARY Glendale Lodge is a three-story 62 room hotel totaling 34,436 SF on approximately 0.85 acres. To enhance guest value in an already desirable location, the first-story rooms were partially renovated in 2021 while the third-story rooms were completely renovated in 2019 and 2020. There is plentiful parking for guests, with 64 surface lot parking spaces. Parking can be increased and optimized by converting some of the parking spaces into compact spaces. This hotel property is located on a signalized corner spot on the main thoroughfare of Colorado Street next to all the action in the popular city of Glendale. Surrounded by local life and culture, this is a perfect destination for visitors of all kinds whether you want to do some high-end shopping at the Glendale Galleria or The Americana at Brand, explore the beautiful Griffith Park and visit the Los Angeles Zoo, or use it as a second to none access point to the California 2 Highway, going from Downtown Los Angeles to the Angeles Crest National Park. Excellent proximity and access to the Rose Bowl and Dodger Stadium make this location a top choice for traveling sports fans. PROPERTY FACTS Price: $16,000,000 No. Rooms: 62 Price Per Room: $258,065 No. Stories: 3 Sale Type: Investment Year Built: 1992 Property Type: Hospitality Tenancy: Single Property Subtype: Hotel Parking Ratio: 1.45/1,000 SF Building Class: C Corridor: Interior Lot Size: 0.89 AC Opportunity Zone: No Building Size: 34,436 SF AMENITIES High Speed Internet Access Patio Meeting Event Space Public Access Wifi Smoke-Free ROOM MIX INFORMATION DESCRIPTION: Suite NO. ROOMS: 10 DAILY RATE: $176.00 SF: 455 DESCRIPTION: Guest Room NO. ROOMS: 52 DAILY RATE: $142.00 SF: 327 WALK SCORE ® Walker's Paradise (91)

Property Type Hospitality
Property Use Use in a Business
Year Built 1992
Level Number 3
Sub-Lease 62
Zoning CM
Listing ID XB436Y
Style Hosp. Hotel/Motel
Building Size 34,436 SF
Lot Size 0.89 AC
Area Description

Area Description: PROPERTY TAXES Parcel Number 5680-021-031 Improvements Assessment $4,008,910 Land Assessment $1,839,685 Total Assessment $5,848,595 ZONING Zoning Code CM

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