Hotel-Motel

Red Roof Inn Phoenix Midtown

4130 N Black Canyon Hwy, Phoenix, AZ 85017

Listing Price: $8,500,000

Cap Rate
8.57%
Number of Rooms
144
RevPAR
$31
Gross SF
18,083
Price/Room
$59,028
RRM
4.11
Price/Gross SF
$470.05
Year Built
1973

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Phoenix Midtown, a limited service two-story exterior corridor hotel located in the heart of the Phoenix metropolitan area. Demand drivers for this asset include Phoenix Sky Harbor International Airport as well as its premier interstate location, procuring a transient-dominant customer base. The Red Roof Inn is part of a two-property portfolio, along with the adjacent Super 8 hotel. The Red Roof Inn and Super 8 sit on one 5.07-acre parcel and together total 244 rooms and 64,800 square feet. This turn-key 144-room Red Roof Inn, renovated in January 2020, is ready to serve the greater Phoenix area. This is a high in demand investment opportunity in one of the nations fastest growing real estate markets.

Investment Highlights

  • Minutes to Several Universities and Medical Centers
  • Nearby Headquarters: Honeywell Aerospace, Banner Health, Best Western and U-Haul
  • Proximity to Heard Museum, Phoenix Art Museum and Legends Entertainment District
  • 9 Miles to Phoenix Sky Harbor International Airport
  • Excellent Location Along Interstate 17
  • Newly Renovated in 2020

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    License(s): AZ: BR675146000

    Arizona

Hotel-Motel

Red Roof Inn Phoenix Midtown

Listing Price: $8,500,000

Cap Rate
8.57%
Number of Rooms
144
RevPAR
$31
Gross SF
18,083
Price/Room
$59,028
RRM
4.11
Price/Gross SF
$470.05
Year Built
1973

Investment Highlights

  • Minutes to Several Universities and Medical Centers
  • Nearby Headquarters: Honeywell Aerospace, Banner Health, Best Western and U-Haul
  • Proximity to Heard Museum, Phoenix Art Museum and Legends Entertainment District
  • 9 Miles to Phoenix Sky Harbor International Airport
  • Excellent Location Along Interstate 17
  • Newly Renovated in 2020

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Phoenix Midtown, a limited service two-story exterior corridor hotel located in the heart of the Phoenix metropolitan area. Demand drivers for this asset include Phoenix Sky Harbor International Airport as well as its premier interstate location, procuring a transient-dominant customer base. The Red Roof Inn is part of a two-property portfolio, along with the adjacent Super 8 hotel. The Red Roof Inn and Super 8 sit on one 5.07-acre parcel and together total 244 rooms and 64,800 square feet. This turn-key 144-room Red Roof Inn, renovated in January 2020, is ready to serve the greater Phoenix area. This is a high in demand investment opportunity in one of the nations fastest growing real estate markets.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    License(s): AZ: BR675146000

    Arizona

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