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Hotel-Motel

My Place Hotel - Avondale, AZ

915 N Avondale Blvd, Avondale, AZ 85323

Listing Price: $11,000,000

Cap Rate
8.60%
Number of Rooms
63
RevPAR
$91
Gross SF
32,000
Price/Room
$174,603
RRM
5.20
Price/Gross SF
$343.75
Year Built
2020

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the My Place Hotel Avondale in Avondale, Arizona. This property is a 4-story, interior corridor hotel with 63 rooms, conveniently located off Highway 10, with. Built with proximity in mind this property is near major entertainment venues and new developments such as Dutch Brothers and Buc-ee's gas station, only 5 miles away. The property also recently underwent upgrades from room locks and the exercise room, to grills.

Experience a range of hotel amenities; rooms are equipped with a kitchen that includes a fridge, stove, toaster, microwave, and coffee maker. Enjoy flat-screens TV with cable channels, cozy pillow-top mattresses, and in-room climate control, free toiletries and a hairdryer are also provided. The My Place Hotel in Avondale provides easy access to Castles N' Coasters, Wildlife World Zoo, Aquarium & Safari Park, and Phoenix Raceway. For prospective students and families, the Universal Technical Institute, RIO Salado College Avondale, and Estrella Mountain Community College are only a few miles from the hotel.

Investment Highlights

  • Zero PIP Extended Stay with recent upgrades to room locks, grills, and exercise room
  • Double Digit RevPAR Growth YoY with room in RevPAR index for continued growth
  • Close Proximity and Visibility from Hwy 10. Built with proximity in mind to some of the most popular entertainment venues in Phoenix
  • Award winning management and QA scores for cleanliness
  • Continued development in the Avondale area including new Dutch Brothers next to property and Buc-ee's Gas Station within five miles
  • Recently built in 2020. This prototype includes five extra storage rooms that is now the standard prototype for My Place. One of the only My Place Hotels with a pool

Exclusively Listed By

Financing By

Hotel-Motel

My Place Hotel - Avondale, AZ

Listing Price: $11,000,000

Cap Rate
8.60%
Number of Rooms
63
RevPAR
$91
Gross SF
32,000
Price/Room
$174,603
RRM
5.20
Price/Gross SF
$343.75
Year Built
2020

Investment Highlights

  • Zero PIP Extended Stay with recent upgrades to room locks, grills, and exercise room
  • Double Digit RevPAR Growth YoY with room in RevPAR index for continued growth
  • Close Proximity and Visibility from Hwy 10. Built with proximity in mind to some of the most popular entertainment venues in Phoenix
  • Award winning management and QA scores for cleanliness
  • Continued development in the Avondale area including new Dutch Brothers next to property and Buc-ee's Gas Station within five miles
  • Recently built in 2020. This prototype includes five extra storage rooms that is now the standard prototype for My Place. One of the only My Place Hotels with a pool

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the My Place Hotel Avondale in Avondale, Arizona. This property is a 4-story, interior corridor hotel with 63 rooms, conveniently located off Highway 10, with. Built with proximity in mind this property is near major entertainment venues and new developments such as Dutch Brothers and Buc-ee's gas station, only 5 miles away. The property also recently underwent upgrades from room locks and the exercise room, to grills. Experience a range of hotel amenities; rooms are equipped with a kitchen that includes a fridge, stove, toaster, microwave, and coffee maker. Enjoy flat-screens TV with cable channels, cozy pillow-top mattresses, and in-room climate control, free toiletries and a hairdryer are also provided. The My Place Hotel in Avondale provides easy access to Castles N' Coasters, Wildlife World Zoo, Aquarium & Safari Park, and Phoenix Raceway. For prospective students and families, the Universal Technical Institute, RIO Salado College Avondale, and Estrella Mountain Community College are only a few miles from the hotel.

Exclusively Listed By

Financing By

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