Victorville Home2 Suites sells for $26M!

Published on

Victorville Home2 Suites

VICTORVILLE – The Victorville Home2 Suites Hilton hotel sold, February 2022, for $26 million to SRI Hospitality. Although the pandemic has caused an economic downturn in hospitality, the development of the Brightline high speed rail in nearby Apple Valley, could bolster tourism within the region.

The hotel, constructed in 2018, is one of two Hilton hotels located in the High Desert. The four-story hotel sits on 1.69 acres at the southwest corner of Amargosa Road and La Mesa Road. It has 106 rooms with kitchenette facilities consisting of a serving/eating area with refrigerator, microwave and sink.

According to Reonomy, the transfer of the property from Roberts Group LLC to SRI Hospitality took place on February 25, 2022, paid with a $19.76 million loan. This is the only property in the area owned by SRI Hospitality.

A major development expecting to bring tourists needing accommodations to the area — Brightline West.

Brightline’s high speed rail system, based in Apple Valley, will connect the High Desert to Las Vegas in a 90 minute ride. The line will eventually begin in Los Angeles to make a 3 hour trip to Sin City. The project is expected to create $10 billion in economic impact.

In addition, popular outdoor recreational activities including Mojave Narrows Regional Park, Silverwood Lake and Deep Creek Hot Springs may increase tourism to the High Desert.

In fact, hotel data shows that room revenue in California’s rural and outdoor recreation areas exceeded that of 2019’s record year. The four gateway regions (Los Angeles, Orange County, San Diego and San Francisco Bay area) fell short.

Home2 Suites by Hilton is a mid-market all-suite extended-stay hotel featuring contemporary accommodations and customizable guest room design. Amenities include free WiFi, breakfast, fitness center, indoor pool and electric vehicle charger. There are currently 520 Home2 Suites worldwide. 

For more information about Home2 Suites Victorville visit https://www.hilton.com/en/hotels/vcvhtht-home2-suites-victorville/?SEO_id=GMB-AMER-HT-VCVHTHT&y_source=1_MTExMDY0MjItNzE1LWxvY2F0aW9uLndlYnNpdGU%3D

spot_img

Latest articles

Victorville awards first recipients of new fire academy scholarship amid wildland firefighter shortage

VICTORVILLE – The city of Victorville in partnership with Victor Valley College (VVC) Foundation,...

Coach Prime Deion Sanders recruiting players for new team on Twitter: ‘I ain’t hard to find’

NATIONWIDE – New coach for the University of Colorado (CU) Buffaloes “Coach Prime” Deion Sanders, took to Twitter, Wednesday, in hopes of finding new players for the team.

San Bernardino County offering $50 Drone Pilot Certification and Training

SAN BERNARDINO COUNTY – San Bernardino County Regional Occupational Program (ROP) is offering an 8-day Drone Pilot Certification and Training course for $50, this coming February 2023.

Victorville and Hesperia make top 100 Boomtowns in America for 2022

VICTORVILLE – SmartAsset, a New York-based financial technology company, listed Victorville and Hesperia in their top 100 list of Boomtowns in America for 2022.

More like this

CalHFA expects to provide granny flat grant to 2,500 homeowners and funding is depleted

STATEWIDE – California Housing Finance Agency (CalHFA) announced, Monday, that the Accessory Dwelling Unit (ADU) Grant Program will be fully committed by December 9, 2022.

Survey finds 88% of adults in Inland Empire are concerned about lack of ‘well-paying jobs’

INLAND EMPIRE – Public Policy Institute of California (PPIC) an independent, nonpartisan research group, released regional results, Dec. 1, from its latest survey Californians and Their Economic Well-Being.

Victorville hosting workshops for $1.9 million available in grants

VICTORVILLE – Victorville will be holding its first technical assistance workshop, Tuesday, Nov. 29, to help nonprofit organizations prepare grants applications.