Embassy Suites Valencia
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In May 2012, a joint venture of Clearview Hotel Capital and a partner acquired the fee simple interest in the Embassy Suites Valencia, located in Valencia, California. Built in November 2007, the Embassy Suites Valencia is a 4-story, atrium style hotel with 156 all-suite guestrooms located 20 miles north of the Burbank Airport. Well positioned amidst newer Class A office buildings and business parks, the Embassy Suites Valencia is across the street from Advanced Bionics, one of the largest biomedical companies in the Santa Clarita Valley. Other demand generators include Six Flags Magic Mountain and Hurricane Harbor Water Park. Clearview's purchase price was less than 60% of the hotel's original construction. As the hotel was relatively new, the business plan involved only minor improvements of the guestrooms.