Phoenix Hotel Near Loop
5152 W Latham St, Phoenix, AZ 85043
122-room hotel with rebranding potential in high-growth Phoenix market.
Type:Hospitality
- Added:
- Jun 3, 2025
- Days on Market:
- 354
- Last Refresh:
- Mar 16 at 1:17 pm
Property Features for 5152 W Latham St
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Building Details
- Year Built
- 1997
Listing agent Mike Montoya License #SA671312000
Listing office Cushman & Wakefield - Phoenix, Arizona
Listing date Jun 3, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Phoenix, Arizona
HighLights
- Offered well below replacement cost in a supply‑constrained market.
- Value‑add potential through renovation and rebranding with potential key money available.
- Excellent location with convenient access to multiple interstates and loops, near major corporations.
- Located in Phoenix, one of the fastest‑growing metropolitan areas in the U.S.
- Fee simple ownership, unencumbered by management, and operates with non‑union labor.
- Significant RevPAR growth potential by improving occupancy and ADR.
Overview
The 122-room hotel is located just east of the I-10 and Loop 202 expansion, offering visibility and access in the Phoenix market. The Loop 202 expansion has enhanced regional connectivity, with over 100,000 vehicles using the freeway daily, and spurred economic development, drawing new businesses, retail centers, and industrial hubs. The hotel is offered well below replacement cost with value-add potential through a renovation with Choice or a brand conversion to Hilton Spark, Marriott City Express, Hyatt Select, Holiday Inn Express or Garner. The hotel indexes below 100 in both Occupancy & ADR, with other assets in the submarket set achieving trailing 12-month RevPAR over $90. The property is conveniently located at the West 202 Logistics Park, off 51st Ave & I-10, less than a mile from the new Loop 202 interchange. The convenient access has created a logistical hub, with a presence from large corporations such as Amazon, FedEx, Target, CVS, The Home Depot, and PepsiCo. The hotel also provides convenient access to I-17, Loop 101 and Loop 303, while also providing easy access to Downtown Phoenix and Sky Harbor Airport. The hotel was originally built as a Hampton Inn. There is no additional supply planned within 4 miles of the Hotel. The market is characterized by limited availability of quality hotel assets. Phoenix is projected to welcome approximately 920,000 new residents over the next decade. The hotel is offered fee simple and unencumbered by management. The Hotel operates with non-union labor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Comfort Inn I-10 ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1714941
- Latitude
- 33.4613207
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FAQs
What type of property is this?
Hotel - 122-room hotel with rebranding potential in high-growth Phoenix market.
Where is this hotel located?
The property is located at 5152 W Latham St Phoenix, AZ.
What are key features of this property?
This property features: Offered well below replacement cost in a supply‑constrained market.; Value‑add potential through renovation and rebranding with potential key money available.; Excellent location with convenient access to multiple interstates and loops, near major corporations.
