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Hotel-Motel

Econo lodge & Rodeway Phoenix (Dual Brand)

2735 W Sweetwater Ave, Phoenix, AZ 85029

Listing Price: $7,950,000

Cap Rate
12.10%
Number of Rooms
128
RevPAR
$42
Gross SF
41,449
Price/Room
$62,109
Price/Gross SF
$191.80
Year Built
1972

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. The hotel is 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

  • 12%+ Cap rate on actuals
  • Dual branded hotel – Recently Renovated in 2023
  • Over 19 million Tourist visited Arizona in 2023, a $4.5B economic impact
  • Next to Metro Center redevelopment - $800M state investment
  • Located along the I-17 – 40,000 cars pass the property daily
  • 17 miles from Phoenix Sky Harbor Airport

Exclusively Listed By

Financing By

Hotel-Motel

Econo lodge & Rodeway Phoenix (Dual Brand)

Listing Price: $7,950,000

Cap Rate
12.10%
Number of Rooms
128
RevPAR
$42
Gross SF
41,449
Price/Room
$62,109
Price/Gross SF
$191.80
Year Built
1972

Investment Highlights

  • 12%+ Cap rate on actuals
  • Dual branded hotel – Recently Renovated in 2023
  • Over 19 million Tourist visited Arizona in 2023, a $4.5B economic impact
  • Next to Metro Center redevelopment - $800M state investment
  • Located along the I-17 – 40,000 cars pass the property daily
  • 17 miles from Phoenix Sky Harbor Airport

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. The hotel is 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

Financing By

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