PKF Capital Marketing Marriott, Norwalk For Sale
NOVEMBER 21, 2008. PKF Capital Hotel Realty, as exclusive agent for the ownership, is offering for sale the Marriott Norwalk, located on Interstate 5, just 15 minutes south of Downtown Los Angeles in the City of Norwalk, California. The 8-story hotel features 171 rooms, a restaurant and bar, and over 14,000 square feet of meeting space. Additionally, an opportunity exists to redevelop an adjacent parcel.
This is an excellent upside opportunity to acquire a recently renovated, non-union, full-service hotel unencumbered by management. The property has been underperforming in a strong market due to on-going renovations and management issues. Renovations are scheduled to be completed by the end of the year and new management has recently been put in place.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
