Hotel-Motel
Knights Inn Sierra Vista
1551 E Fry Blvd, Sierra Vista, AZ 85635
Listing Price: $3,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Knights Inn Sierra Vista, the recently renovated in 2024, offering complimentary coffee in the lobby, and WiFi and on-site guest laundry facilities, as well as an outdoor pool and grills. Each room is non smoking, with flat screen TVs, a microwave, fridge, and coffee & tea maker. The property is ideally located near plenty of attractions to visit like Fort Huachuca, Apache Peak, and is just North of the Mexican border and off Route 90, which also provides easy access to historic towns such as Tombstone and Bisbee, AZ.
Knights Inn Sierra Vista
Investment Highlights
- In place 9.4% CAP Rate. Low Cost to Operate With All NOI Upside
- Eight Suites Newly Added in 2024 Allowing for Monthly Rentals and Occupancy Increase
- 66% Economy RevPAR Index providing opportunity for owner to improve revenue.
- Supplemental revenue from lobby marketplace and guest coin laundry installed in 2024.
- Rooms recently renovated with new TV's, night stands, and desks in 2023. New lamps, microwaves, refrigerators, freezers, and desk chairs replaced in 2024.
- Extremely low price per key cost with zero transfer of ownership PIP required from buyer.
Listing Price: $3,500,000
Investment Highlights
- In place 9.4% CAP Rate. Low Cost to Operate With All NOI Upside
- Eight Suites Newly Added in 2024 Allowing for Monthly Rentals and Occupancy Increase
- 66% Economy RevPAR Index providing opportunity for owner to improve revenue.
- Supplemental revenue from lobby marketplace and guest coin laundry installed in 2024.
- Rooms recently renovated with new TV's, night stands, and desks in 2023. New lamps, microwaves, refrigerators, freezers, and desk chairs replaced in 2024.
- Extremely low price per key cost with zero transfer of ownership PIP required from buyer.
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Knights Inn Sierra Vista, the recently renovated in 2024, offering complimentary coffee in the lobby, and WiFi and on-site guest laundry facilities, as well as an outdoor pool and grills. Each room is non smoking, with flat screen TVs, a microwave, fridge, and coffee & tea maker. The property is ideally located near plenty of attractions to visit like Fort Huachuca, Apache Peak, and is just North of the Mexican border and off Route 90, which also provides easy access to historic towns such as Tombstone and Bisbee, AZ.
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