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Hotel-Motel

Fountain Park Hotel by Best Western Signature Collection

12800 N Saguaro Blvd, Fountain Hills, AZ 85268

Listing Price: $8,120,000

Cap Rate
7.90%
Number of Rooms
58
RevPAR
$79
Gross SF
140,063
Price/Room
$140,000
RRM
4.80
Price/Gross SF
$57.97
Year Built
2005

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fountain Park Hotel by Best Western Signature Collection located in Fountain Hills, Arizona. Formerly a 3-story hotel, the first and second floor now consists of the Fountain Park Hotel. The third floor will operate as the Level 3 Apartments, which is not included in the sale. The hotel consists of 58 guest rooms and offers amenities including a spacious lobby and clubhouse, large dining area, fitness center and an outdoor pool & spa. Separate Hotel and Apartment amenities are located on the first floor. Recent renovations such as new modern tile and glass showers, plank vinyl flooring and upgrading the common areas were completed earlier this year. The hotel benefits from a strong business and leisure market with many demand drivers. Nearby attractions include Fountain Park, River of Time Museum, Fountain Hills Theater, McDowell Mountain Regional Park and Southwest Wildlife. The Scottsdale/Phoenix market is a high-tech manufacturing base, home to operations including Intel, General Dynamics and Honeywell, to name a few. The hotel also benefits from a high employment growth rate in the area. The Fountain Park Hotel represents the opportunity to acquire a beautiful recently renovated BW Signature Collection-branded hotel in the desirable Scottsdale market. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. The current owner believes that the reduced room count should help with occupancy in the off-season and push rates during the high season.

Investment Highlights

  • Recent Renovations Were Completed Earlier This Year | No PIP Required
  • Conveniently Located Near Highway 87
  • Short Drive to Scottsdale Airport (SDL) and Phoenix Sky Harbor International Airport (PHX)
  • Within 20 Miles of Arizona State University (~50k+ Enrollment)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Hotel-Motel

Fountain Park Hotel by Best Western Signature Collection

Listing Price: $8,120,000

Cap Rate
7.90%
Number of Rooms
58
RevPAR
$79
Gross SF
140,063
Price/Room
$140,000
RRM
4.80
Price/Gross SF
$57.97
Year Built
2005

Investment Highlights

  • Recent Renovations Were Completed Earlier This Year | No PIP Required
  • Conveniently Located Near Highway 87
  • Short Drive to Scottsdale Airport (SDL) and Phoenix Sky Harbor International Airport (PHX)
  • Within 20 Miles of Arizona State University (~50k+ Enrollment)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fountain Park Hotel by Best Western Signature Collection located in Fountain Hills, Arizona. Formerly a 3-story hotel, the first and second floor now consists of the Fountain Park Hotel. The third floor will operate as the Level 3 Apartments, which is not included in the sale. The hotel consists of 58 guest rooms and offers amenities including a spacious lobby and clubhouse, large dining area, fitness center and an outdoor pool & spa. Separate Hotel and Apartment amenities are located on the first floor. Recent renovations such as new modern tile and glass showers, plank vinyl flooring and upgrading the common areas were completed earlier this year. The hotel benefits from a strong business and leisure market with many demand drivers. Nearby attractions include Fountain Park, River of Time Museum, Fountain Hills Theater, McDowell Mountain Regional Park and Southwest Wildlife. The Scottsdale/Phoenix market is a high-tech manufacturing base, home to operations including Intel, General Dynamics and Honeywell, to name a few. The hotel also benefits from a high employment growth rate in the area. The Fountain Park Hotel represents the opportunity to acquire a beautiful recently renovated BW Signature Collection-branded hotel in the desirable Scottsdale market. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. The current owner believes that the reduced room count should help with occupancy in the off-season and push rates during the high season.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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