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Hotel-Motel

Rodeway Inn & Econo Lodge Phoenix North I-17

2735 W Sweetwater Ave, Phoenix, AZ 85029

Listing Price: $8,700,000

Cap Rate
10.00%
Number of Rooms
128
RevPAR
$45
Gross SF
41,450
Price/Room
$67,969
Price/Gross SF
$209.89
Year Built
1974

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Rodeway Inn & Econo Lodge Phoenix North I-17 a dual-branded hotel located in Phoenix, Arizona. Both hotels are conveniently located off of Interstate 17 in the North Mountain Village area. The hotel consists of 128 guest rooms and offers amenities including an outdoor pool, business center, complimentary breakfast buffet and guest laundry facilities. The Rodeway Inn & Econo Lodge Phoenix North I-17 represents the opportunity to acquire a franchised hotel in the Phoenix market, a high-tech manufacturing base and tourist destination experiencing significant employment growth. The property is located near several major thoroughfares and attractions, including the Martin Auto Museum, Turf Paradise and Firebird Balloons, to name a few. Additionally, the property is only a 15-20 minute drive to Downtown Phoenix and Phoenix Sky Harbor International Airport.

Investment Highlights

  • Dual-Branded Hotel, Recently Renovated in 2019 | Minimal PIP Needed
  • Conveniently Located Off of Interstate 17 in the North Mountain Village Area
  • Located in the Phoenix MSA, a High-Tech Manufacturing Base and Tourist Destination
  • $1 Billion Redevelopment of MetroCenter Mall - 2 Miles from Hotel
  • TSMC $12 Billion Fabrication Plant will Compress the Entire Phoenix Hotel Market for the Next 3 Years

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Hotel-Motel

Rodeway Inn & Econo Lodge Phoenix North I-17

Listing Price: $8,700,000

Cap Rate
10.00%
Number of Rooms
128
RevPAR
$45
Gross SF
41,450
Price/Room
$67,969
Price/Gross SF
$209.89
Year Built
1974

Investment Highlights

  • Dual-Branded Hotel, Recently Renovated in 2019 | Minimal PIP Needed
  • Conveniently Located Off of Interstate 17 in the North Mountain Village Area
  • Located in the Phoenix MSA, a High-Tech Manufacturing Base and Tourist Destination
  • $1 Billion Redevelopment of MetroCenter Mall - 2 Miles from Hotel
  • TSMC $12 Billion Fabrication Plant will Compress the Entire Phoenix Hotel Market for the Next 3 Years

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Rodeway Inn & Econo Lodge Phoenix North I-17 a dual-branded hotel located in Phoenix, Arizona. Both hotels are conveniently located off of Interstate 17 in the North Mountain Village area. The hotel consists of 128 guest rooms and offers amenities including an outdoor pool, business center, complimentary breakfast buffet and guest laundry facilities. The Rodeway Inn & Econo Lodge Phoenix North I-17 represents the opportunity to acquire a franchised hotel in the Phoenix market, a high-tech manufacturing base and tourist destination experiencing significant employment growth. The property is located near several major thoroughfares and attractions, including the Martin Auto Museum, Turf Paradise and Firebird Balloons, to name a few. Additionally, the property is only a 15-20 minute drive to Downtown Phoenix and Phoenix Sky Harbor International Airport.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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