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Hotel-Motel

Best Western Airport Inn

2425 S 24th St, Phoenix, AZ 85034

Listing Price: Request For Offer

Number of Rooms
117
RevPAR
$37
Gross SF
62,032
Year Built
1974

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Airport Inn, a two-story hotel located in Phoenix, Arizona. This property is the closest hotel to Phoenix Sky Harbor International Airport and has gone through a majority of the renovations/property improvements in 2019 and 2020, with only modest renovations expected for franchising. The property has two buildings, one interior corridor and the other exterior corridor. Amenities at the hotel include a full service restaurant on site, outdoor swimming pool and hot tub, sauna, free Wi-Fi in all guest rooms and complimentary business center. The onsite restaurant was leased until JAN 2020. Our Pro Forma analysis assumes the buyer will operate the restaurant at a 29% profit margin.

Nearby attractions include shopping, restaurants, the Phoenix Convention Center, downtown Phoenix, downtown Tempe, Phoenix State Capitol, the Desert Botanical Garden, the Phoenix Zoo, Chase Field and the US Airways Center. Additional sources of demand for the property include the Greyhound Bus & light-rail stations, ASU Tempe (55k+ Enrollment), several notable employers, and its proximity to surrounding cities such as Scottsdale, which is home to several MLB spring training facilities.

Investment Highlights

  • Renovations Completed in 2019 & 2020
  • Priced Below Replacement Cost
  • Closest Hotel to Phoenix Sky Harbor International Airport | 46M+ Passengers in 2019
  • Minutes to Heritage Square, Chase Field, US Airways Center, Convention Center & More
  • 2 Miles to St. Luke's Hospital and Valleywise Health Medical Center
  • 7 Miles to Arizona State University Tempe | 55k+ Enrollment

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Hotel-Motel

Best Western Airport Inn

Listing Price: Request For Offer

Number of Rooms
117
RevPAR
$37
Gross SF
62,032
Year Built
1974

Investment Highlights

  • Renovations Completed in 2019 & 2020
  • Priced Below Replacement Cost
  • Closest Hotel to Phoenix Sky Harbor International Airport | 46M+ Passengers in 2019
  • Minutes to Heritage Square, Chase Field, US Airways Center, Convention Center & More
  • 2 Miles to St. Luke's Hospital and Valleywise Health Medical Center
  • 7 Miles to Arizona State University Tempe | 55k+ Enrollment

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Airport Inn, a two-story hotel located in Phoenix, Arizona. This property is the closest hotel to Phoenix Sky Harbor International Airport and has gone through a majority of the renovations/property improvements in 2019 and 2020, with only modest renovations expected for franchising. The property has two buildings, one interior corridor and the other exterior corridor. Amenities at the hotel include a full service restaurant on site, outdoor swimming pool and hot tub, sauna, free Wi-Fi in all guest rooms and complimentary business center. The onsite restaurant was leased until JAN 2020. Our Pro Forma analysis assumes the buyer will operate the restaurant at a 29% profit margin.

Nearby attractions include shopping, restaurants, the Phoenix Convention Center, downtown Phoenix, downtown Tempe, Phoenix State Capitol, the Desert Botanical Garden, the Phoenix Zoo, Chase Field and the US Airways Center. Additional sources of demand for the property include the Greyhound Bus & light-rail stations, ASU Tempe (55k+ Enrollment), several notable employers, and its proximity to surrounding cities such as Scottsdale, which is home to several MLB spring training facilities.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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