7707 E McDowell Rd, Scottsdale, AZ 85257

Opportunity to acquire the fee simple interest in the 3 Palms Hotel at 7707 E. McDowell Road in Scottsdale in Maricopa County, Arizona. The 3 Palms Hotel is an independent 130-room, limited-service, two-story exterior corridor hotel. Common area amenities include heated pool and spa, rooftop sundeck, fitness center, concierge, laundry facilities and rooftop sundeck. The Hotel underwent extensive renovations in 2006-2007.

Contact James Meng, Jon Grantham or Mike Montoya to request the offering memorandum.

The Hotel is located in proximity to Scottsdale Arizona’s Old Town entertainment district, Arizona’s highest RevPAR market. Scottsdale hosts nationally recognized events including but not limited to the Barrett Jackson Auto Auctions; the PGA tour’s busiest tournament, Waste Management Phoenix Open; and MLB spring training for 5 teams.

Located in an Opportunity Zone, presenting ideal opportunity for 1031 buyers
Room mix: deluxe king, deluxe king with whirlpool, deluxe two queens, parlor suite with king and spa tub, deluxe suite with two queens. Two ADA rooms included in total.
Extremely solid steel and wood construction
Extra revenue possible through NNN ground lease of restaurant on property
Leverages Scottsdale’s robust leisure market
Near Scottsdale’s Old Town entertainment district
Easy access to Loop 101, Loop 202 and Interstate 10. Located 10 minutes from Phoenix Sky Harbor International Airport
Four miles from Arizona State University, the largest public college in the United States
Adjacent to the El Dorado Park. Scottsdale’s premiere park, featuring skateboarding, volleyball, basketball, and tennis