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Hampton Inn - Phoenix/Mesa

Property DescriptionOffering MemorandumDue Diligence
Main image Property Sold
Located: Phoenix/Mesa , Arizona
Offering Price: $4,250,000.00
Net Operating Income: $517,000.00
Financing: SBA financing may be arranged
Room Revenue: $1,841,591.00
Renovated: $200,000 spent on lobby - On going
Number of Units: 115
Land Area: 2.12 Acres +/-
Built: 1989


Summary

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.

Highlights

  • 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

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Licensed in:

Arizona - LC554451000

California - 01522610

Colorado - ER10003807

Georgia - 353523 (ia)


Hawaii - 19600

Idaho - LC31934

Montana - 15009

New Mexico - 17154


Nevada - 24423

New York - 10351206190

Oregon - 200005201

Texas - 0573462


Washington - 8483

Wyoming - 15400

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