FOR SALE

Barbara Worth Resort & Golf Club
2050 Country Club Drive, Holtville, CA
5370 Edna Street, Los Angeles, CA

INVESTMENT HIGHLIGHTS

• List price $6,500,000
• Being sold on behalf of the Examiner on behalf of BWR, LLC
• Hotel, Banquet Facility, Golf Course and Land
• The hotel consists of three two-story buildings, one building containing a restaurant-bar and conference center, a golf shop and club room, maintenance building and storage building for golf carts.
• There are four types of suites. The rooms have a living room kitchen combination room with bedroom on either side of the main room. The two bedrooms can be locked off from the living room. There are 104 hotel rooms with four additional living room/kitchens which have couches, chairs, dining room table – 4 chairs, small tables and kitchen appliances. The standard rooms have a bed, nightstands, dresser, coffee table, chairs, chaise lounge, television, microwave.
• The four apartment type rooms are furnished with couches, tables, kitchens.
• The property has readily available water from the canal system from the Colorado River at a very very low cost.
• The Golf course is a par 71 course totaling 6,302 yards. The course rating is a 70.0 with a slope rating of 119. The course opened in 1928.
• APN 045-100-055, 045-100-057, 045-100-069
• Land Area 99.78 AC
• Building Area 85,341 SF
• Gross Building Area (SF) Hotel Building: 51,416 SF
• Club House: 1,925 SF
• Maintenance Building: 6,000 SF
• Cart Building: 2,000 SF
• Conference Center & Restaurant: 20,000 SF
• Total: 85,341 SF

HOLTVILLE, CALIFORNIA

The city was founded by Swiss-German settlers in the 1880s, who often entered from Mexico. The construction of railroads in the 1890s, the All-American Canal in the late 1940s, U.S. Route 80 in the 1920s later converted to Interstate 8 in the 1970s and the North American Free Trade Agreement (NAFTA) economic boom in the 1990s brought more people to Holtville and the Imperial Valley.

The city of Holtville, which was originally called Holton, was founded in 1903 by W.F. Holt, and incorporated on June 20, 1908.[7] The name was changed to Holtville due to a request by the U. S. Postal Service because the name Holton sounded too much like Colton (in San Bernardino County), the regional headquarters of the Southern Pacific Railroad at the time. The name honors W.F. Holt, founder of the community.[7][8]

The city lies on the northeast bank of the Alamo River formed by the floods of 1905-07 when the Colorado River break made the river’s course turn west and filled the low-lying depression of water now known as the Salton Sea.

DUE DILIGENCE INFORMATION AVAILABLE IS:

• Title Report
• PIP Information
• Historical Tax Returns
• Hotel Management Agreement

SALE INFORMATION

• Buyers are required to provide proof of funds to close with offer
• Buyers may obtain a loan
• Buyer to deposit 3% of the purchase price into escrow, balance at closing
• 45 day escrow period
• Confirmed buyer’s accepted offer is subject to the Examiner on behalf of BWR, LLC
• Seller will determine Escrow and Title Companies
• Property is sold in As Is condition and will not make any repairs
• If any local ordinance requires that the Property be brought into compliance with minimum energy conservation standards as a condition of sale, the Buyer shall comply with and pay for these requirements at the Buyer’s sole expense
• Cooperating Brokerage commission is 2%
• Email: Todd@Braunco.com
• Phone: 310.798.3123 x100