Crexi Contact
Listed by JDS Real Estate Services, Inc., Commercial Real Estate Exchange
This property is under contract, sold subject to seller approval
Hyatt House Scottsdale Arizona
Details
APN 173-52-005B; 173-51-099B
Property Type Hospitality
Sub Type Hotel
Square Footage 114,119
Keys 164
Year Built 1998
Year Renovated 2018
Buildings 8
Stories 3
Acreage 4.350
Zoning D/DMU-2 Downtown Multiple Use
Parking Spaces 171 spaces
Parking Per SqFt 1.50
Ownership Leasehold
Located in the heart of Old Town Scottsdale
Marketing description
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Property tours are available by appointment only. Please contact the listing broker to schedule at tour.
- Lender-owned Hyatt House located in Scottsdale, AZ offered for sale via Crexi auction on March 23–25
- 164-key extended-stay Hyatt asset well positioned for corporate, relocation, and leisure demand
- Seller to convey leasehold interest subject to a long-term ground lease with ~90 years remaining
- Offered unencumbered by management and debt, enabling a clean transition at closing
- Ability to retain or relicense under the Hyatt House brand, subject to franchisor approval
- Meaningful operational upside through transition out of lender control and third-party management
- Attractive basis relative to replacement cost in one of Scottsdale’s most established lodging submarkets
- Part of a broader lender-owned Hyatt House offering across multiple high-barrier U.S. markets, including Pleasanton and Pleasant Hill, California and Scottsdale, Arizona
Auction Terms:
- Non-Contingent
- Earnest Money Deposit: 10% of the Purchase Price
- Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum
- Close of Escrow: 45 days
- Subject To Seller Approval
Hyatt House Pleasanton California
Hyatt House Pleasant Hill California
Hyatt House Scottsdale Arizona
4245 N Drinkwater Blvd, Scottsdale, AZ 85251
Investment highlights
- Located in the heart of Old Town Scottsdale, one of Greater Phoenix’s premier lodging, dining, and entertainment districts
- Immediate proximity to Scottsdale Fashion Square, Old Town retail and nightlife, and regional dining and entertainment amenities
- Near Scottsdale Airpark, one of the region’s largest employment centers with more than 3,000 businesses and over 60,000 employees across technology, finance, and professional services.
- Convenient access to Loop 101 and major arterial roadways, providing connectivity throughout Scottsdale, Tempe, and Greater Phoenix
- Proximate to Scottsdale Airpark, a major regional employment hub home to technology, financial services, and corporate users
- Nearby demand drivers include healthcare systems, corporate offices, spring training venues, and year-round leisure attractions
- Well positioned to capture extended-stay, corporate, group, and leisure demand tied to Scottsdale’s diversified economy
- Scottsdale benefits from strong barriers to entry, limited infill development sites, and consistently high lodging demand
- The Greater Phoenix market remains one of the fastest-growing and most resilient lodging markets in the US
Listing Contacts
Crexi Contact
Listed by JDS Real Estate Services, Inc., Commercial Real Estate Exchange
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