Property History
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Marcus & Millichap has been chosen to exclusively market for sale the Hotel Bixby Scottsdale, a newly renovated three-story 80-room hotel located 3 miles from Old Town Scottsdale. This asset is ideally located between Old Town Scottsdale/Entertainment District and Tempe/Arizona State University, a large public university known for its athletics programs and research facilities. The hotel benefits from a strong business and leisure market with many demand drivers. Nearby attractions include Casino Arizona, Phoenix Zoo, Salt River Fields, OdySea Aquarium and more. The Scottsdale/Phoenix market is a high-tech manufacturing base, home to operations including Intel, General Dynamics and Honeywell, to name a few. The hotel also benefits from a high employment growth rate in the area.
The Hotel Bixby Scottsdale represents the opportunity to acquire a beautiful recently renovated BW Signature Collection-branded hotel in the desirable Scottsdale market. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. In addition, we assume a well qualified operator will be able to achieve 100%+ of its revenue index now that the heavy lifting of the quality renovations have been completed. The buyer will also have the ability to upbrand the hotel to a Best Western Aiden hotel, Best Western’s upscale soft brand.
https://www.marcusmillichap.com/properties/53880/hotel-bixby-scottsdale
- Recently Renovated in 2019
- Ideally Located Between Tempe and Old Town Scottsdale
- Nearby Attractions Include Casino Arizona, Phoenix Zoo, Salt River Fields, OdySea Aquarium and More
- Surrounded by Several MLB Spring Training Venues
- 1 Mile to Arizona State University Tempe | 55k+ Campus Enrollment
- 3 Miles to Tempe St. Luke's Hospital & Scottsdale Osborn Medical Center
- 4 Miles to Phoenix Sky Harbor International Airport | 46M+ Passengers in 2019
- Nearby Employers Include American Airlines Corporate Campus, Honeywell Aerospace, Amazon, Pepsi and Frito-Lay
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