FIGURE 11-1 REVIEW OF PERTINENT TRANSACTIONS Property Location Sale Date Price Rooms Price/Rm Chamberl a i n Wes t Holl ywood West Hollywood, California Dec-10 $38,500,000 113 $340,708 1980 Hollywood Heights <strong>Hotel</strong> Hollywood, California Dec-10 29,350,000 160 183,438 1975 Homewood Suites Carlsbad North San Diego County Ca rl s ba d, Ca l i forni a Nov-10 32,000,000 145 220,690 2008 <strong>Sheraton</strong> Delfina Santa Monica Santa Monica, California Nov-10 102,800,000 310 331,613 1983 Embassy Suites Irvine Orange County Airport Irvine, California Oct-10 59,275,000 293 202,304 1986 Radisson Ontario Airport Ontario, California Aug-10 12,000,000 299 40,134 1986 Courtya rd Anaheim a t Dis neyl a nd Res ort Anaheim, California Jul-10 25,000,000 153 163,399 2006 Holiday Inn San Jose Silicon Valley San Jose, California Jul-10 10,500,000 208 50,481 1990 Hilton Checkers Los Angeles, Cal ifornia Jun-10 46,000,000 188 244,681 1927 Homewood Suites Clovis Cl ovi s , Ca l i forni a Feb-10 12,435,000 83 149,819 2010 <strong>Sheraton</strong> Pleasanton Pl ea s anton, Cal ifornia Jan-10 12,300,000 170 72,353 1985 Comfort Sui tes Pa l m Des ert Pa lm Desert, Ca li forni a Dec-09 5,550,000 72 77,083 2000 Wyndham Orange County Costa Mes a , Ca l i forni a Nov-09 21,000,000 238 88,235 1987 Holiday Inn Laguna Hills Laguna Hill s, California Jul-09 12,000,000 147 81,633 1977 Hampton Inn & Suites Clovis Cl ovi s , Ca l i forni a Jul-09 11,150,000 86 129,651 2009 Marriott Riverside Riverside, California Jun-09 19,300,000 292 66,096 1987 Marriott Na pa Va lley <strong>Hotel</strong> & Spa Napa, California May-09 36,000,000 274 131,387 1979 Homewood Suites Carlsbad North San Diego County Ca rl s ba d, Ca l i forni a Feb-09 27,235,000 145 187,828 2008 Hampton Inn Carlsbad Ca rl s ba d, Ca l i forni a Jan-09 15,800,000 94 168,085 2007 Residence Inn Santa Clarita Valencia Santa Clarita, California Oct-08 16,599,578 90 184,440 1997 Fairfield Inn Santa Clarita Santa Clarita, California Oct-08 9,337,262 66 141,474 1997 Courtya rd Sa nta Cl a ri ta Valencia, California Sep-08 22,700,000 140 162,143 2007 Holiday Inn Sacramento Northeast Sacramento, California Aug-08 19,000,000 230 82,609 1980 Homewood Suites San Jose Airport San Jose, California Jul-08 21,862,000 140 156,157 1991 Holiday Inn Express Santa Nella Santa Nella, California Jul-08 7,500,000 100 75,000 1989 Hyatt Regency Suites Palm Springs Pa lm Springs , Cal ifornia Jun-08 19,800,000 193 102,591 1985 Hampton Inn & Suites Tulare Tulare, California Jun-08 10,331,000 86 120,128 2008 Residence Inn San Diego Oceanside Oceanside, California May-08 28,750,000 125 230,000 2007 Residence Inn Downtown Burbank Burbank, California May-08 50,500,000 166 304,217 2007 Hyatt Valencia Valencia, California May-08 55,000,000 244 225,410 1998 Courtya rd Cypress Cypres s , Ca l i fornia Apr-08 31,164,000 180 173,133 1988 Marriott Bakersfield a t the Convention Center Bakersfield, California Ma r-08 26,000,000 258 100,775 1995 Hilton Garden Inn Sacramento South Natomas Sacramento, California Ma r-08 27,360,000 154 177,662 1999 Embassy Suites Los Angeles Downey Downey, California Jan-08 34,660,000 219 158,265 1985 Year Opened From these selected sales, we have chosen several primary transactions for further review and consideration in the development of an indication of value via this approach. These are illustrated in the following table. February-2011 Sales Comparison Approach <strong>Sheraton</strong> <strong>Hotel</strong> <strong>Redding</strong> <strong>At</strong> <strong>Sundial</strong> <strong>Bridge</strong> – <strong>Redding</strong>, California 98
FIGURE 11-2 SUMMARY OF SELECTED COMPARABLE SALES Property Location Sale Date Homewood Suites Carlsbad North San Diego County Carl s ba d, Ca l i forni a Nov-10 $32,000,000 145 $220,690 2008 <strong>Sheraton</strong> Delfina Santa Monica Santa Monica, California Nov-10 102,800,000 310 331,613 1983 <strong>Sheraton</strong> Pleasanton Pleas anton, Cal i forni a Jan-10 12,300,000 170 72,353 1985 Holiday Inn Laguna Hills Laguna Hills , California Jul-09 12,000,000 147 81,633 1977 These sales are further detailed on the following pages. Price Rooms Price/Rm Year Opened February-2011 Sales Comparison Approach <strong>Sheraton</strong> <strong>Hotel</strong> <strong>Redding</strong> <strong>At</strong> <strong>Sundial</strong> <strong>Bridge</strong> – <strong>Redding</strong>, California 99
Change language