Hotel-Motel
Knights Inn Phoenix at N Black Canyon Hwy
1264 N Black Cyn Hwy, Phoenix, AZ 85009
Listing Price: $6,000,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale, the Knights Inn Phoenix at N Black Canyon Hwy, a 95 key asset, with essential amenities such as air conditioning, desks, TV and complementary Wi-Fi and parking as well as an outdoor pool. The property is conveniently located off the I-17, a major highway in the Phoenix MSA seeing over 129K vehicles per day.
Knights Inn Phoenix at N Black Canyon Hwy
Investment Highlights
- Absentee owned and managed property, ideal for owner operator
- 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
- Low cost transfer of ownership PIP at $7,500 per key
- Sub 4X RRM property in the heart of the Phoenix MSA
- Close proximity to some of the highest trafficked locations in Phoenix
- Record low price per key basis of any Economy/Midscale property sold in the North Phoenix MSA
- Multiple Wyndham Conversions Available, Up to $4,000/Key Available for Days Inn Conversion
Exclusively Listed By
Financing By
Listing Price: $6,000,000
Investment Highlights
- Absentee owned and managed property, ideal for owner operator
- 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
- Low cost transfer of ownership PIP at $7,500 per key
- Sub 4X RRM property in the heart of the Phoenix MSA
- Close proximity to some of the highest trafficked locations in Phoenix
- Record low price per key basis of any Economy/Midscale property sold in the North Phoenix MSA
- Multiple Wyndham Conversions Available, Up to $4,000/Key Available for Days Inn Conversion
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale, the Knights Inn Phoenix at N Black Canyon Hwy, a 95 key asset, with essential amenities such as air conditioning, desks, TV and complementary Wi-Fi and parking as well as an outdoor pool. The property is conveniently located off the I-17, a major highway in the Phoenix MSA seeing over 129K vehicles per day.
Exclusively Listed By
Financing By
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