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$1MM PRICE REDUCTION!!! (2 HOTELS) Country Inn & Suites, Deer Valley & Mesa AZ (ID: 14574)
Hotels Over 100 Rooms | Deer Valley / Mesa, Arizona, United States |
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| Price: |
USD 31,000,000 |
| Status: |
Active |
| Rooms: |
252 |
| Year Built: |
1999 |
| Lot: |
6 ACRES |
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Property Description |
$1MM PRICE REDUCTION!!! The Country Inn & Suites Deer Valley, Arizona and Mesa, Arizona represents a two-hotel portfolio sale for a total of 252 guest rooms. These two properties are being sold simultaneously and represent an excellent investment opportunity in the upper-midscale, limited-service segment. Both properties are located within the metropolitan Phoenix/Mesa market and they offer an investor the convenience of easy property access with the Phoenix International Airport just 20 minutes from each property. Both properties will be delivered with all new owner Property Improvement Plan (PIP) requirements completed. Additionally, the Seller is willing to manage the properties for a 3% management fee. Currently, there is no management contract in place. Existing financial analysis is based on Trailing-12 Months as of May 2007 and includes a 3% Management allowance and 4% FF&E Reserve. The Country Inn & Suites franchise is a segment of the larger Carlson Worldwide network with over 400 franchise locations and another 100 in development. The brand's guest loyalty program has earned Country Inn & Suites a 98% guest return rating for the 14th year in a row, one of the highest in the industry. Carlson Worldwide also franchises the following brands; Regent Hotels, Radisson Hotels, Park Plaza, Park Inn and Carlson Wagonlit Travel. The properties, built in 1999 (Deer Valley) and 1998 (Mesa), each feature 126 rooms which include an assortment of suites, kings, and two queen beds. Handicap accessible rooms are also included in the totals. Guest amenities include highspeed wireless internet, outdoor pool and spa, fitness center, meeting/banquet rooms, 2-line telephones, work desks and ample parking.
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