Hotel
Location Arizona,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $980000
Net Profit / Cash Flow $600000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1964
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Description This two-story, 90-room hotel for sale is two miles from the Phoenix Sky Harbor Airport and minutes from downtown Phoenix. The hotel contains a mix of single, double and king rooms as well as two suites. There is an owner/manager quarters in the hotel as well as two banquet rooms. The hotel is located on 2.8-acres and has an outdoor pool. The roof is less than seven years old and the hotel is within walking distance to restaurants. Onsite vending and laundry provides additional income. At the asking price of $3,600,000 the CAP is over 12%. Owner will consider seller financing for qualified buyer.
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