5152 W Latham St, Phoenix, AZ 85043

Cushman & Wakefield has been exclusively retained to offer for sale the fee-simple interest in the 122-room Comfort Inn I-10 West @ 51st Avenue Phoenix (the “Hotel” or “Property”). The Property is located just east of the confluence of the I-10 and Loop 202 expansion, providing great visibility and access in the thriving high-barrier Phoenix market. The recent Loop 202 expansion has not only significantly enhanced regional connectivity, with over 100,000 vehicles using the freeway daily, it also spurred significant economic development, drawing new businesses, retail centers, and industrial hubs near the Hotel.

The Hotel embodies a remarkable investment prospect offered well below replacement cost with value-add potential through a renovation with Choice or a brand conversion to Hilton Spark, Marriott City Express, Hyatt Select, Holiday Inn Express or Garner. The hotel indexes below 100 in both Occupancy & ADR, with other assets in the submarket set achieving trailing 12-month RevPAR over $90. Rate growth is very attainable given the properties current performance despite the lack of recent capital investment in the guest impact areas.

• Rebranding Opportunity: The hotel currently operates under the Comfort Inn brand, but the property has the opportunity for conversion to other leading hospitality brands with each of the major franchises. Rebranding to conversion brands, such as Hilton Spark, Marriott City Express, Hyatt Select, IHG Garner provide the opportunity to enhance both ADR & Occupancy, providing upside on the net income and exit value. Key money may also be available for certain brands.
  

• Convenient Location: The property is conveniently located at the West 202 Logistics Park, off 51st Ave & I-10, less than a mile from the new Loop 202 (South Mountain Freeway) interchange. The 22-mile Loop 202 opened at the end of 2019 and connects the east and west valley. The convenient access has created a logistical hub, with a presence from large corporations such as Amazon, FedEx, Target, CVS, The Home Depot, and PepsiCo. The hotel also provides convenient access to I-17, Loop 101 and Loop 303, while also providing easy access to Downtown Phoenix and Sky Harbor Airport.
  

• Offered Well Below Replace Cost: The hotel was originally built as a Hampton Inn and offers a compelling opportunity to invest at a price significantly lower than current replacement costs. With rising construction expenses—including labor and materials—paired with the Hotel’s size, condition, and location, replicating this 3-story interior-corridor property today would cost substantially more than the asking price, presenting strong value and upside potential. In addition to being offered below replacement cost, there is no additional supply planned within 4 miles of the Hotel.
  

• Opportunity in a High-Growth, Supply-Constrained Market: This offering represents a rare opportunity to acquire a hotel asset in Phoenix, one of the fastest-growing metropolitan areas in the U.S., with nearly 85,000 new residents added in 2023 and 2024 alone. The market is characterized by limited availability of quality hotel assets, positioning this property advantageously within a supply-constrained environment supported by strong economic and hospitality fundamentals. Phoenix is projected to welcome approximately 920,000 new residents over the next decade, further fueling demand across the region. The city’s expanding tourism sector and growing base of both corporate and leisure travelers continue to drive sustained RevPAR growth and high occupancy levels. This acquisition offers a strategic entry into a dynamic market with limited competition and compelling long-term growth potential.
  

• Fee Simple, Unencumbered by Management: The Hotel is offered fee simple and unencumbered by management. The Hotel is absentee-owned and operates with non-union labor, offering additional upside potential and maximum operational flexibility that can lead to stronger performance and demand levels.