Hyatt Place Flagstaff 397 S Malpais Ln 96 Room Hotel Flagstaff, AZ 86001 $24,000,000 ($250,000/Room)

Ryan Sarbinoff // Broker of Record // License BR675146000
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Marcus & Millichap has been chosen to exclusively market for sale the Hyatt Place Flagstaff, a newly delivered (2023) 96-room select-service hotel located in Flagstaff, Arizona. Built to current brand standards, the asset requires minimal near-term capital expenditure and competes directly against an aging supply base. The property features The Placery onsite restaurant, a heated indoor pool, complimentary breakfast buffet, outdoor patio, fitness center, business center, and sundry shop, and is within walking distance of Northern Arizona University — an R1 research institution with 28,000+ students and a $1.8 billion annual economic impact on the local economy.
Flagstaff is widely recognized as the gateway to Grand Canyon National Park and Sedona, benefiting from strong multi-season demand resilience across leisure, university, ski/outdoor, and corporate segments, which helps reduce occupancy volatility. Globally recognized Hyatt Place branding and World of Hyatt loyalty distribution extend the property's reach well beyond traditional park visitation. University markets have historically outperformed pure leisure destinations during economic downturns, and structural tourism growth has continued for five consecutive years without reliance on a single event driver.
Strategically positioned at the junction of major interstate corridors, Flagstaff serves as a natural overnight stop for drive-to travelers across the Southwest, with convenient access to Phoenix (~2 hours), Las Vegas (~4 hours), and Albuquerque (~4.5 hours). Additional connectivity includes Amtrak's Southwest Chief rail service and Flagstaff Pulliam Airport (FLG), approximately five miles from the property.
As the primary branded lodging hub for Grand Canyon South Rim visitation — located 80 miles away — Flagstaff anchors Northern Arizona tourism at both ends of the visitor spending cycle. Grand Canyon visitation reached approximately 4.9 million visitors in 2024, generating $905 million in total visitor spending, with $312 million directed toward lodging. The property sits directly on Historic Route 66, which celebrates its 100th anniversary in 2026, a once-in-a-century milestone already generating measurable demand uplift across corridor markets.