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Comfort Suites at Metro Center Phoenix 10210 N. 26th Drive Phoenix, AZ 85021

Hotel
60 Rooms
72.90% Occupied
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Property Details (10210 N. 26th Drive, Phoenix, AZ 85021)
Asset Type Commercial
Starting Bid $1,200,000
Participation Deposit $10,000
Property Comfort Suites at Metro Center Phoenix
Property Description 60-Room Comfort Suites at Metro Center Phoenix Located in Phoenix, AZ
Primary Property Type Hotel
Year Built 1997
Number of Buildings 1
Number of Rooms 60
Occupancy 72.9%
Occupancy As of Date 12/31/2017
Event Item # B231-450R
Property ID 1000004917
Transaction Fee 5% of Winning Bid Amount (A minimum of $20,000 will apply)
  • Description
  • Due Diligence
Description for 10210 N. 26th Drive, Phoenix, AZ 85021

Property tours are available on the following dates by appointment. Please contact the listing broker to schedule a tour.
• February 21 & 22
• March 5 & 6

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 March 21st 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 pleased to offer for sale in conjunction with Ten-x.com the fee simple interest in the Comfort Suites in Phoenix, Arizona ("Property" or "Subject Hotel"). The Subject Hotel is institutionally owned and third party managed. The Subject Hotel features 60 rooms, an indoor pool, complimentary breakfast, a fitness room, a business kiosk, and wireless Internet.

Property Listed by: Lloyd M. Farley | Paramount Lodging Advisors | AZ License #LC585437000

Auctioneer Licensing Information

Ten-X Arlene Richardson RE Brkr CO662991000




Property Details


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Open House Information


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Redemption date of {[{value.description | auctionDate:'YYYY-MM-DD': "MMM DD, YYYY"}]}
  • Suzanna Aldrich
  • Paramount Lodging Advisors
  • 406-478-3010
  • saldrich@paramountlodging.com
  • Contact
For auction related questions, contact:
  • Brittany Degrassi
  • Ten-X
  • 949-790-6441
  • bdegrassi@ten-x.com
  • Contact
For registration, website, or transaction related questions, please call a Ten-X representative at (888) 770-7332.
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