Motel 6 Tempe, AZ - Phoenix - Priest Dr | 1720 S Priest Dr
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Motel 6 Tempe, AZ - Phoenix - Priest Dr 1720 S Priest Dr
131 Room Hotel Tempe, AZ 85281 $18,427,110 CAD ($140,665 CAD/Room)
Executive Summary
-Well located property within close proximity of Arizona State University (ASU) and the vibrant Mill Avenue District which offers restaurants, shops, and entertainment.
-Located only 4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.
-Three Stories, Exterior Corridor Property with 131 guest rooms situated on 2.25 acres in Tempe, Arizona.
-Well performing asset that still leaves room for expense optimization to increase new operators bottom line.
-Priced well at an 11.3% cap rate on current trailing 12 months revenues
-Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.
-Located only 4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.
-Three Stories, Exterior Corridor Property with 131 guest rooms situated on 2.25 acres in Tempe, Arizona.
-Well performing asset that still leaves room for expense optimization to increase new operators bottom line.
-Priced well at an 11.3% cap rate on current trailing 12 months revenues
-Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $18,427,110 CAD | Building Size | 33,174 SF |
| Price Per Room | $140,665 CAD | No. Rooms | 131 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1977 |
| Property Subtype | Hotel | Parking Ratio | 5.43/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.25 AC |
| Price | $18,427,110 CAD |
| Price Per Room | $140,665 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.25 AC |
| Building Size | 33,174 SF |
| No. Rooms | 131 |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 5.43/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 131 | $113.40 CAD | - |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $10,563 CAD | Total Assessment | $572,069 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,563 CAD
Improvements Assessment
$0 CAD
Total Assessment
$572,069 CAD
zoning
| Zoning Code | GID (General Commercial Zone) |
| GID (General Commercial Zone) |
-
Sid Tewari -
Sheil Stampwala -
T&S Hotel Advisors
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Motel 6 Tempe, AZ - Phoenix - Priest Dr | 1720 S Priest Dr
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