|Net Operating Income:
SBA financing may be arranged
$200,000 spent on lobby - On going
|Number of Units:
2.12 Acres +/-
The hotel consists of one three-story, interior corridor building comprising 115 rooms. Hotel amenities includes a newly remodeled lobby/breakfast room, heated pool and exercise room. Whether you’re in downtown Phoenix or want to visit one of the states largest performing arts venues the Mesa Arts Center the hotel is a comfortable base for your adventures. The hotel also benefits from its proximity to retail and din-ing establishments.
Hampton Franchise will be terminated at close of escrow. Best Western has indicated that they would entertain the re-flagging of the Property to a Best Western Plus with exterior and interior renovations estimated at approximately $750,000.
- PIP $750,000
- Room Revenue $1,841,591
- SBA Financing-Property Approved
- Renovations – New Lobby 2012
- Land 2.12 Acres +/-
- NOI $517,000
- Reduced $650,000 to $4,250,000