Current Use by Public Records
- Hospitality properties
Property Details for 10000 Az
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 130-key luxury boutique hotel in Scottsdale, Arizona, presents a compelling investment opportunity. Asking $25,000,000, this stabilized asset boasts an impressive 85% occupancy rate, generating over $6 million in annual room revenue. The property, housed in a charming low-rise adobe structure, underwent a complete renovation in 2018, ensuring modern amenities and upscale appeal. Its strategic location within Scottsdale contributes significantly to its strong performance. The hotel's contemporary design and high-quality finishes attract a discerning clientele. The property is free of ground lease obligations, offering complete ownership and control. This institutional-grade investment is ideal for those seeking a high-performing, established hotel in a prime Arizona location. The current branding presents an opportunity for potential affiliation with major hotel brands such as Hilton or Marriott, further enhancing its market position and potential for increased profitability. Financial records are available upon request to qualified buyers. This is a rare chance to acquire a thriving, well-maintained hotel in a desirable market. The property's strong performance and potential for future growth make it an attractive addition to any investment portfolio. The hotel's location in Scottsdale, Arizona, offers access to a vibrant tourism market and a diverse range of local businesses.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.895551
- Latitude
- 33.466473
