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Country Inn & Suites By Radisson, Flagstaff 224 S Mikes Pike 52 Room Hotel Flagstaff, AZ 86001 $11,900,000 ($228,846/Room) 7% Cap Rate
Investment Highlights
- Seller Financing Available – Competitive seller financing terms available! Call listing broker, Sudhir "Sid" Tewari directly to discuss.
- Consistent Performer – The hotel has demonstrated stable revenues over recent years, reflecting the strength of its location and operations.
- Excellent Country Inn & Suites Franchise – The upscale select-service brand delivers consistent guest satisfaction with a 9.2/10 location rating.
- Prime Downtown Flagstaff Location – Situated at the I-40/I-17 interchange with easy access to Northern Arizona University (half mile) & downtown.,
- 2019 - Constructed in 2019, the hotel features modern finishes and systems with minimal deferred maintenance.
- Multiple Demand Channels Drive Year-Round Stability
Executive Summary
Why This Deal Works: The location is about as good as it gets in Flagstaff. You’re at the I-40/I-17 interchange with NAU right there and downtown walkable. Flagstaff is the main gateway to the Grand Canyon - 80 miles south of the park - so you capture all that tourist traffic. Between Grand Canyon visitors, NAU (30,000+ students), Snowbowl skiers, and corporate business, you’ve got demand coming from multiple directions year-round. And here’s the thing about Flagstaff: it is very difficult to build new hotels. Land is limited, you’re at 7,000 feet elevation so construction costs are brutal, and the city doesn’t make it easy. Supply is basically locked.
The Property: Built in 2019, so it’s still new. Modern finishes, no deferred maintenance issues, and the owner just added a 53rd room by converting storage space. Country Inn & Suites is a strong flag for this segment - guests love it (9.2/10 location rating, 8.9 overall). Little to no PIP required for a new buyer. The hotel consistently gets great reviews for cleanliness and breakfast quality.
The Numbers: The property has run 92-94% occupancy for three straight years. That’s remarkable consistency and it tells you the location works. Average ADR over 2023-2025 was around $141, generating roughly $2.59M in room revenue annually.
Here’s where it gets interesting: In 2024, expenses were 56.4% of revenue. The hotel generated $1.25M NOI (10.5% cap), 1.58 debt coverage, and delivered 15.4% cash- on-cash returns. That’s a really well-run hotel. Then in 2025, expenses jumped to 66.2%. NOI dropped to $833K (7% cap) and cash flow fell to 1.4%. But here’s the key - occupancy stayed at 93% and revenue only dropped slightly. This wasn’t the market falling apart. This was operational inefficiencies.
The Opportunity: Please visit the property website to access the OM and Deal Room. See property website in "Links"
The Property: Built in 2019, so it’s still new. Modern finishes, no deferred maintenance issues, and the owner just added a 53rd room by converting storage space. Country Inn & Suites is a strong flag for this segment - guests love it (9.2/10 location rating, 8.9 overall). Little to no PIP required for a new buyer. The hotel consistently gets great reviews for cleanliness and breakfast quality.
The Numbers: The property has run 92-94% occupancy for three straight years. That’s remarkable consistency and it tells you the location works. Average ADR over 2023-2025 was around $141, generating roughly $2.59M in room revenue annually.
Here’s where it gets interesting: In 2024, expenses were 56.4% of revenue. The hotel generated $1.25M NOI (10.5% cap), 1.58 debt coverage, and delivered 15.4% cash- on-cash returns. That’s a really well-run hotel. Then in 2025, expenses jumped to 66.2%. NOI dropped to $833K (7% cap) and cash flow fell to 1.4%. But here’s the key - occupancy stayed at 93% and revenue only dropped slightly. This wasn’t the market falling apart. This was operational inefficiencies.
The Opportunity: Please visit the property website to access the OM and Deal Room. See property website in "Links"
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $11,900,000 | Lot Size | 0.74 AC |
| Price Per Room | $228,846 | Building Size | 41,806 SF |
| Sale Type | Investment | No. Rooms | 52 |
| Cap Rate | 7% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2019 |
| Property Subtype | Hotel | Parking Ratio | 0.65/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | HC | ||
| Price | $11,900,000 |
| Price Per Room | $228,846 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 41,806 SF |
| No. Rooms | 52 |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 0.65/1,000 SF |
| Corridor | Interior |
| Zoning | HC |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $149.00 | - |
| Guest Room | 45 | $119.00 | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 103-06-008A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,193,795 |
Property Taxes
Parcel Number
103-06-008A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,193,795
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Country Inn & Suites By Radisson, Flagstaff | 224 S Mikes Pike
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