Investment opportunity to acquire Best Western InnSuites Phoenix Hotel & Suites at 1615 E. Northern Avenue in Phoenix. This full-service hotel sits on 2.98 acres and offers 120 suite-style guest rooms, conference facilities, complimentary full breakfast, resort-style pool and spa, 24-hour fitness facility and guest laundry. This is the closest Best Western hotel to the Best Western Global Headquarters and located in an area of world-recognized upscale resorts.
Contact James Meng or Jon Grantham to request the offering memorandum.
The suites hotel property is strategically situated as the first hotel property off SR 51 at the Northern Avenue exit, just 15 minutes from Sky Harbor International Airport. This north central area of Phoenix is home to a variety of upscale resorts, including the Arizona Biltmore, Pointe at Squaw Peak and Marriott Camby Hotel. The property is nearly adjacent to a five-star resort and frequently accepts its overflow guests.
During the past decade, substantial investments were made to the metro’s freeway system to accommodate such as Loops 101 and 202 provide easy travel around the Valley. Interstates are a significant factor for many distribution and transportation operations in the metro.
Only mid-scale hotel offering in a three-mile radius on the SR 51 exit
Steady corporate business in off season
Located in the high barrier entry Piestewa Peak Corridor
10 minutes from the Sky Harbor International Airport
Extra revenue from laundry facilities
Compset has RevPAR Growth of 25 percent year over year
Heated pool, spa, office and business center, free Wi-Fi
Laundry facilities and vending
Complimentary hot and healthy breakfast
Extremely sold steel and concrete construction
