Investment Overview

Marcus & Millichap is pleased to exclusively offer the fee simple interest in the 259-room Hilton Phoenix Airport, a full-service, upper-upscale asset located one mile from Phoenix Sky Harbor International Airport within one of the most established airport submarkets in the Southwest. The property benefits from diversified demand driven by airport traffic, corporate accounts, group business, Arizona State University, Downtown Phoenix, and major sports and entertainment venues, supporting durable year-round performance. The hotel completed a Hilton change-of-ownership PIP renovation between 2017 and 2019 and has received approximately $2.2 million in capital investment since, including elevator components, boiler replacement, mechanical upgrades, parking lot replacement, restaurant improvements, and technology modernization. The asset is anticipated to require a modest soft-goods refresh in the near term (subject to brand scope), presenting a defined and manageable capital plan rather than a full redesign cycle. Phoenix continues to exhibit strong population growth, corporate relocation activity, and sustained airport passenger expansion, reinforcing long-term lodging demand fundamentals. The Hilton Phoenix Airport offers stabilized in-place cash flow with measurable ADR growth potential and strategic upside within a high-barrier-to-entry full-service airport market where replacement cost remains materially above current basis.