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Travel Inn 4021 N 27th Ave

98 Room Hotel Phoenix, AZ 85017 For Sale

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Investment Highlights

95 Room Independent Hotel Unencumbered by a Franchise or Management
Absentee Managed with Significant Upside
Zoned R-5 - Multi-Family Use Permitted

Multiple Franchise Opportunities Available
Well Maintained Property with Minimal Deferred Maintenance
Phoenix Population: 1.6M | 5th most populated US State

Executive Summary

NewGen Advisory is proud to present for sale, the fee simple interest of the 95-room independent Travel Inn located in Phoenix, Arizona. The hotel is situated in one of the highest growing RevPar markets in the entire state, with multiple rebrand options from top franchises. Additionally, multi-family investors have an opportunity to convert the hotel rooms to long term apartments with the existing R-5 zoning. The manager's apartment can be converted back to guest rooms adding 3 units to the room count. ?

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Property Facts

Sale Type	Investment	No. Rooms	98
Property Type	Hospitality	No. Stories	2
Property Subtype	Hotel	Year Built/Renovated	1972/1990
Building Class	C	Parking Ratio	3.47/1,000 SF
Lot Size	3.17 AC	Corridor	Exterior
Building Size	32,600 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	3.17 AC
Building Size	32,600 SF
No. Rooms	98
No. Stories	2
Year Built/Renovated	1972/1990
Parking Ratio	3.47/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.