Holiday Inn Express 77-key In Lebec, CA

Financial summary

Asking Price

$12.0M

Cash Flow (SDE)

$899K

SDE Multiple

13.4x

SBA financeability

Businesses in accommodation are commonly SBA-financed. The figures below are the industry-category norm from SBA 7(a)/504 lending, a gauge of how financeable a deal like this tends to be.

Accommodation benchmarks

Active lenders in this category: GBank, Readycap Lending, LLC, Peoples Bank.

Based on 6,430 SBA loans · source: SBA 7(a)/504 FOIA, as of 2026Q1 · industry-category level.

Detailed information

Location

Lebec, CA

Industry

Hospitality

Source

businessesforsale

First indexed

Jun 10, 2026

Data quality

Good (75/100)

Strong SDE.

Key points

• •Holiday Inn Express & Suites with 77 rooms in Lebec, CA; IHG Formula Blue 2.0 property.
• •$898,619 NOI; asking price $12,000,000 at 6.34% cap rate.
• •Operating at 60.95% occupancy; turn-key operation.

Business description

$12,000,000 Holiday Inn Express & Suites Frazier Park featuring 77 keys, $898,619 NOI, and a 6.34% cap rate. Operating at 60.95% occupancy, this IHG Formula Blue 2.0 property offers a turn-key investment with zero to minimal PIP requirements. Built in 2010 and totaling approximately 27,870 square feet on 2.02 acres, the hotel is strategically located directly off Interstate 5 at the base of Tejon Pass, benefiting from over 50,000 vehicles per day between Los Angeles and Bakersfield. The property is the only branded upper-midscale hotel within a 20-mile radius, providing a competitive edge in a market with high barriers to entry due to terrain, zoning, and utility constraints. Key demand drivers include the Outlets at Tejon with 1.5 to 2 million annual visitors, the $600 million Hard Rock Hotel & Casino Tejon development expected to attract over 5 million visitors annually, and outdoor recreation from Mt. Pinos, Los Padres National Forest, and Frazier Mountain. The hotel benefits from year-round lodging demand and limited local competition. Positioned 75 miles south of Los Angeles and 40 miles north of Bakersfield, the property captures transient, tourism, and event-driven demand along one of the busiest corridors in the Western United States, with strong long-term growth tied to regional development projects.

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