Value-Add 17-Key Boutique Hotel In Escondido

A unique value-add investment opportunity offering a fully renovated 17-key boutique hotel with significant future redevelopment potential in the heart of Downtown Escondido. Buyers can continue operating the hotel while benefiting from the opportunity to convert the property to affordable or multifamily housing, subject to obtaining a Conditional Use Permit, as confirmed by the City of Escondido Planning Department. Originally built in 1956 and extensively renovated during 2020–2021, the hotel features individually themed guest rooms, an on-site manager's apartment, on-site parking, and a prime infill location surrounded by major residential and commercial redevelopment. Situated just one mile from Highway 78, the property benefits from excellent access to transportation, shopping, healthcare, and public transit, supporting both hospitality and residential demand. Located within the SPA 9 Downtown Specific Plan, the property is positioned in one of North San Diego County's fastest-growing workforce housing markets. Adjacent to new apartment developments and close to major employers, medical facilities, retail destinations, and cultural attractions, the asset offers multiple exit strategies for investors seeking income today and redevelopment upside tomorrow. The seller will provide additional information to qualified buyers. Contact us today to request further details or arrange a private viewing.