Travel Inn 4021 N 27th Ave 98 Room Hotel Phoenix, AZ 85017 For Sale
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. ?
PROPERTY FACTS
| 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 |
| Zoning | R-5 |
AMENITIES
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 98 | $100.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 110-01-011E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $239,617 |
