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4245 N Drinkwater Blvd Scottsdale, AZ 85251

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For Sale
$3,000,000

164-key extended-stay hotel in Scottsdale, Arizona for sale.

Property size:
114,119 SF
Lot size:
4.35 Acres

Property Features for 4245 N Drinkwater Blvd

General Information

Standard status
Active
Zoning
D/DMU-2 Downtown Multiple Use
Size
114,119 SF
Lot size
4.35 Acres

Building Details

Year built
1998

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Listing Contact
Jennifer Stein
Jennifer Stein
Source: Crexi

Listing Agency: JDS Real Estate Services, Inc. Listing Agent: Jennifer Stein

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Scottsdale Hyatt House Opportunity

The Hyatt House in Scottsdale, Arizona, is available for sale via auction. This 164-key extended-stay Hyatt asset is well-positioned for corporate, relocation, and leisure demand. The seller will convey leasehold interest subject to a long-term ground lease with approximately 90 years remaining. Offered unencumbered by management and debt, the property enables a clean transition at closing. There is potential to retain or relicense under the Hyatt House brand, subject to franchisor approval. Meaningful operational upside is available through transition out of lender control and third-party management. The property presents an attractive basis relative to replacement cost in one of Scottsdale’s most established lodging submarkets. This is part of a broader lender-owned Hyatt House offering across multiple high-barrier U.S. markets, including Pleasanton and Pleasant Hill, California. Property tours are available by appointment only.
Location Intelligence

Current Use by Public Records

Hyatt House Scottsdale/Old ... Hotel & Motel

Suggested Use

Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Scottsdale
County
Maricopa
State
Arizona
Longitude
-111.9218756
Latitude
33.4980617

FAQs

What type of property is this?
Hotel - 164-key extended-stay hotel in Scottsdale, Arizona for sale.
Where is this hotel located?
The property is located at 4245 N Drinkwater Blvd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - 164-key extended-stay Hyatt House in Scottsdale, AZ.; - Offered unencumbered by management and debt.; - Significant operational upside potential.
More about this property
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