Buy & Hold (Hospitality): (108 Room Keys) Comfort Suites Scottsdale, AZ 85250 + AVAILABLE
- Nov 11, 2023
- 2 min read
Updated: Jan 20, 2024
Commercial Investment Opportunity
Price
$26,000,000
Off-Market Listing Description: Comfort Suites Inn - Scottsdale, AZ
Asking Price: $26,000,000
Overview
Situated in the heart of the rapidly expanding Phoenix Metropolitan area, the Comfort Suites Inn in Scottsdale, Arizona, is an exceptional investment opportunity. Boasting a prime location and an impressive set of statistics, this 108-room property spans 2.5 acres with a 65,694 SF building size, making it a significant player in the region's hospitality landscape.
Executive Summary
Project Overview
Completed in December 2021, this project, spearheaded by Capital Development Southwest, Inc., in partnership with SLG Management Group, stands as a testament to luxury and strategic positioning. SLG Management Group, a Choice Brand Platinum Operator with 28 years of direct hotel management experience, ensures top-notch service and operational excellence.
This Comfort Suites is the sole Choice Property along the 101 Freeway corridor in Scottsdale and marks the first Choice branded property built in the market in two decades. The property comes with the added advantage of purchasing the LLC, providing approximately 3+ more years at 3.5% fully amortized, all included in the asking price of $26 million, deflaggation included.
Strategic Location
Nestled within the SRPMIC Talking Stick Entertainment District, this Comfort Suites is strategically placed to cater to the 5-6 million annual visitors. Surrounded by key attractions such as Salt River Field Spring Training & Cactus League Facility, Talking Stick Casino & Resort, Top Golf, and the Odysea in the Desert Entertainment Complex, the property benefits from over 4 million square feet of existing office space with more on the way. To the North, the site is bordered by medical, retail, and office spaces, including the HonorHealth Scottsdale Shea Medical Center and Scottsdale Municipal Airpark, employing over 51 thousand individuals.
Additional Tourism Draws
The area is a magnet for tourists, with attractions like the PGA TPC, Scottsdale Community College, Mayo Clinic Medical Campus, Riverview Regional Power Center, and Old Town Scottsdale contributing to the vibrant tapestry of the locale.
Property Photos & Information: https://photos.app.goo.gl/bKe9hbHgVXnhjApk8
Investment Highlights
This property represents the newest Choice Hotel in Scottsdale in over 20 years.
Strategic positioning in the Talking Stick Entertainment District with millions of annual visitors.
Prime location along the 101 Freeway corridor, offering easy accessibility.
Strong partnership with SLG Management Group, a seasoned Choice Brand Platinum Operator.
Proximity to major attractions, medical facilities, and regional power centers adds to the property's allure.
Don't miss this rare opportunity to acquire a premier hospitality asset in one of the most dynamic and growing markets in the Phoenix Metropolitan area. Contact us for more details on this exclusive off-market listing.
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*
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