La Quinta 65-key Near Bakersfield Airport, CA

$10,500,000 La Quinta Inn & Suites Bakersfield Airport featuring 65 rooms, $718,021 NOI, and a 6.13% cap rate. Operating at 82.41% occupancy, this limited-service Wyndham-branded hotel delivers strong in-place cash flow with long-term upside in a high-demand airport corridor. Built in 2006 and totaling approximately 36,642 square feet on 1.72 acres, the property is strategically located adjacent to Bakersfield Municipal Airport, which is currently undergoing major expansion. The hotel is recognized as the number one midscale choice at the airport and benefits from strong reservation and loyalty capture through Wyndham. Historical occupancy has consistently exceeded 80 percent, reflecting stable and repeat demand. Airport zoning and development restrictions create high barriers to entry, limiting future competition in the corridor. Key demand drivers include airport expansion bringing new passenger traffic and corporate travelers, as well as year-round business from the energy, logistics, and healthcare sectors. Bakersfield’s continued population and infrastructure growth further supports lodging demand. With minimal PIP requirements estimated at approximately $100,000 and opportunity to grow ADR in a strong market, this turnkey asset presents a compelling investment in one of California’s fastest-growing secondary cities.