Property tours are available by appointment. Please contact the listing broker to schedule a tour.
Investment Highlights:
Fee-simple interest in the institutionally owned and third party managed 60-room Comfort Suites Phoenix offered at a substantial discount to replacement cost
Property offered for sale through Ten-X in the April 25th auction
Available unencumbered of debt and third-party management with the ability to retain the Comfort Suites brand
Historical expenses are disproportionately high per industry standards, allowing buyer to potentially dramatically increase management efficiency and improve in-place net operating income
Seller has completed approximately $200k (~$3k per key) of total renovation in recent years
Adjacent to Interstate 17 with upwards of 37,000 cars passing the location daily
Optimal location in the heart of North Phoenix, proximate to the area's top-ten largest employers
Within walking distance of numerous full-service nationally recognized restaurants
Proximate to all regional demand generators including Arizona State University West, Peoria Sports Complex, University of Phoenix Stadium, and Piestewa Peak Park
Investment Overv
Please contact the listing broker to schedule a tour.
Investment Highlights:
Fee-simple interest in the institutionally owned and third party managed 60-room Comfort Suites Phoenix offered at a substantial discount to replacement cost
Property offered for sale through Ten-X in the April 25th auction
Available unencumbered of debt and third-party management with the ability to retain the Comfort Suites brand
Historical expenses are disproportionately high per industry standards, allowing buyer to potentially dramatically increase management efficiency and improve in-place net operating income
Seller has completed approximately $200k (~$3k per key) of total renovation in recent years
Adjacent to Interstate 17 with upwards of 37,000 cars passing the location daily
Optimal location in the heart of North Phoenix, proximate to the area's top-ten largest employers
Within walking distance of numerous full-service nationally recognized restaurants
Proximate to all regional demand generators including Arizona State University West, Peoria Sports Complex, University of Phoenix Stadium, and Piestewa Peak Park
Investment Overview:Paramount Lodging Advisors ("PLA") is ple
