Hotel-Motel
DoubleTree Phoenix North
10220 N Metro Pkwy E, Phoenix, AZ 85051
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale, the DoubleTree Phoenix North, a five-story full service hotel located right next door to the Metro Center Mall which is currently undergoing a $850M Redevelopment. Guest rooms include Wi-Fi, Smart TV, mini-refrigerator, Keurig coffee maker, and numerous plug and USB outlets.
The property is ideally located 16 miles Northwest of Phoenix Sky Harbor Airport and nearby to many main attractions/businesses. Phoenix is host to several museums and sporting venues, including the Footprint center (home to NBA's Phoenix Suns) and Chase Field (home to MLB's Diamondbacks), among others. Nearby attractions/businesses include Phoenix Zoo, Castles & Coasters, and Taiwan Semiconductor. Phoenix is also the Fifth-largest city by population in the U.S.
The DoubleTree Phoenix North represents the opportunity to acquire a Premium Branded Hilton Hotel in a desirable market near several demand drivers.
(The DoubleTree Phoenix North is located on a Ground Lease. Options to Purchase the Land are Available)
DoubleTree Phoenix North
Investment Highlights
- Value-Add Opportunity – Significant Upside in Operations
- Converted from Radisson to DoubleTree in 2018
- Over 42 Million Tourists Visited Arizona in 2023, a $29.3B Economic Impact
- Hotel is on a Ground lease, Able to Purchase the land for $7M. 5.29 Acres, 3% of Gross Revenue, 99 year Ground Lease Signed in 1981, Valid Through 2080
- Located Along the I-17, 40,000 vehicles pass the hotel daily
- Close Proximity to Many Nearby Attractions such as Castles & Coasters, Various Professional Sports Teams and Casinos
- The DoubleTree Phoenix Metro North is located in the MetroCenter parking lot which is about to undergo a $850M renovation which includes 140,000 Sqft of retail, dining, public amenities, and no new hotels. $150M state funded light rail completed in 2024
- Formation Interests announced their largest transformation of a 7-building office campus to a 23 acre Industrial Business Park surrounded by recreational fields several restaurants as well as the $1B Metrocenter and light-rail development. Expected completion Fall 2026
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Value-Add Opportunity – Significant Upside in Operations
- Converted from Radisson to DoubleTree in 2018
- Over 42 Million Tourists Visited Arizona in 2023, a $29.3B Economic Impact
- Hotel is on a Ground lease, Able to Purchase the land for $7M. 5.29 Acres, 3% of Gross Revenue, 99 year Ground Lease Signed in 1981, Valid Through 2080
- Located Along the I-17, 40,000 vehicles pass the hotel daily
- Close Proximity to Many Nearby Attractions such as Castles & Coasters, Various Professional Sports Teams and Casinos
- The DoubleTree Phoenix Metro North is located in the MetroCenter parking lot which is about to undergo a $850M renovation which includes 140,000 Sqft of retail, dining, public amenities, and no new hotels. $150M state funded light rail completed in 2024
- Formation Interests announced their largest transformation of a 7-building office campus to a 23 acre Industrial Business Park surrounded by recreational fields several restaurants as well as the $1B Metrocenter and light-rail development. Expected completion Fall 2026
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale, the DoubleTree Phoenix North, a five-story full service hotel located right next door to the Metro Center Mall which is currently undergoing a $850M Redevelopment. Guest rooms include Wi-Fi, Smart TV, mini-refrigerator, Keurig coffee maker, and numerous plug and USB outlets. The property is ideally located 16 miles Northwest of Phoenix Sky Harbor Airport and nearby to many main attractions/businesses. Phoenix is host to several museums and sporting venues, including the Footprint center (home to NBA's Phoenix Suns) and Chase Field (home to MLB's Diamondbacks), among others. Nearby attractions/businesses include Phoenix Zoo, Castles & Coasters, and Taiwan Semiconductor. Phoenix is also the Fifth-largest city by population in the U.S. The DoubleTree Phoenix North represents the opportunity to acquire a Premium Branded Hilton Hotel in a desirable market near several demand drivers. (The DoubleTree Phoenix North is located on a Ground Lease. Options to Purchase the Land are Available)
Exclusively Listed By
Financing By
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