La Quinta Inn & Suites Phoenix I-10 West
La Quinta Inn & Suites Phoenix I-10 West
Marketing description
Tammen Hospitality Partners is pleased to present for sale, the La Quinta Inn & Suites Phoenix I-10 West. This 3-story, 67 key property is located positioned along the Interstate 10 corridor in the West Phoenix submarket. The property offers convenient access to Downtown Phoenix, Sky Harbor International Airport, and major regional demand drivers including distribution hubs, industrial employers, and West Valley business centers. Property amenities include complimentary WiFi, free daily breakfast, an on-site fitness center, business center, and ample surface parking suitable for passenger vehicles and light commercial use.
Please visit https://laquintainnsuitesphoenixi10west.sharplaunch.com to view offering summary & due diligence or contact Michael Taddeo at (602) 402-2320.
Investment highlights
- 11% Cap Rate Including PIP - On MAR T12
- $2.25M+ Room Revenue - Consistent Last 5 Years
- 3.5x's RRM
- SBA & Conventional Financing Options Available
- Minimal PIP – $250k
- Top 5 MSA which brings in over 42 million tourists per year
- Growing Market - Phoenix increased nearly 4% (over 60k) in population over the past 4 years
- Highway Proximity – 0.2 Miles from the I-10 Interstate which sees over 200,000 vehicles daily
- Nearby Demand - Within 10 miles from several venues/attractions (State Farm Stadium, Mortgage Matchup Center, Phoenix Sky Harbor International Airport)
- College Business - 5 miles from Grand Canyon University campus, which hosts 25,000 students
- Development – No new hotels are under construction within a 5 mile radius
- Located less than a mile from the Coronado Industrial Park – over 300,000 sqft development for Warehouse/industrial fulfillment
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