3/11/2009

Compton hotel and casino listed for $16M

by
The Crystal Casino Hotel, a 238-room property in Compton, Calif., has been placed on the market with a listing price of $16 million.

Gordon Allred, vice president investments and director of Marcus & Millichap's Ontario office, is representing the seller.

Located at 123 East Artesia Blvd., the nine-story hotel and casino is situated on 9.19 acres along the Alameda Corridor between Long Beach and Los Angeles. Crystal Casino Hotel is comprised of eight floors with 238 keys above the leased ground floor, which contains the casino, restaurant and bar. The seller will lease back the entire ground floor for $600,000 per year and retain operation of the casino, restaurant and bar.

Address: 123 East Artesia Blvd., Compton, Calif.

Size: 238 rooms

---

Filed Under: Hotel/Resort

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009