1405 Westwood, Mesa, AZ 85210-4915
- Hotels
- 31,206 SF
- 1.31 lot acres
Current Use by Public Records
- MK Hotels Mesa / Hotel & Motel
- GreenTree Inn & Suites Mesa / Phoenix / Hotel & Motel
- Arizona hotel / Hotel & Motel
Property Details for 1405 Westwood
- Year built
- 1996
- Construction
- CONCRETE
- Lot size
- 1.31 lot acres
- Zone code
- C-G
- Property type
- Hotels
- APN
- 134-23-020B
- APU
- 13423020B
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 9, 2026 | $5,925,000 | Dolce Vita Hotels Arizona LLC | The Evergreen Advantage LLC | Special Warranty Deed | $4.8M · The Evergreen Advantage LLC |
| Mar 3, 2026 | $6,100,000 | Evergreen Advantage LLC | Mk Mesa Hotels LLC | Trust Deed · related | — |
| Feb 19, 2025 | — | Mk Mesa Hotels LLC | — | Deed · related | $2M · Salamone Trust |
| Mar 25, 2024 | — | Mk Mesa Hotels LLC | — | Deed · related | $4.1M · The Evergreen Advantage LLC |
| Oct 18, 2022 | — | Mk Mesa Hotels LLC | — | Deed · related | $3M · Salamone Trust |
| Oct 13, 2022 | — | Mk Mesa Hotels LLC | — | Deed · related | $3M · Salamone Trust |
| Aug 19, 2022 | — | Mk Mesa Hotels LLC | — | Deed · related | $1M · Austin L Wells Etux |
| May 10, 2022 | $4,500,000 | Mk Mesa Hotels LLC | Gc Springfield LLC | Special Warranty Deed | $5.5M · The Evergreen Advantage LLC |
| Feb 27, 2020 | — | Gc-springfield LLC | Debaca Land & Cattle LLC | Grant Deed | — |
| Nov 15, 2019 | $4,500,000 | Anix31 INC As Ql Foo Debaca | Motel 60 Hotel Group LLC | Warranty Deed | — |
| May 11, 2018 | — | Motel 60 Hotel Group LLC | Kalisha LLC | Grant Deed | — |
| Jul 17, 2017 | — | Kalisha LLC | Patel,nilay S | Warranty Deed · related | — |
| Feb 7, 2017 | — | Nilay S Patel | — | Deed · related | $600k · Salamone Trust (pt) |
| Feb 12, 2016 | $4,225,000 | Nilay S Patel | World Travel Inns LP II | Grant Deed | $3.8M · Private Individual |
| Oct 27, 1997 | $1,115,688 | Lodging L L C Csm | National Systems INC | Grant Deed | — |
| — | — | Nilay S Patel | — | Deed Of Trust · related | $600k · Salamone Trust (pt) |
Description
This fee-simple ownership opportunity presents a 64-key Holiday Inn Express hotel in Mesa, Arizona. The property, situated on a 57,008 square foot lot (approximately 1.3 acres), boasts 31,206 square feet of space across three stories. Built in 1996 and completely renovated in 2023, this interior-corridor hotel benefits from a strong pro-forma NOI of $721,105. Located at 1405 S Westwood, Mesa, AZ 85210, the hotel is conveniently situated near US Highway 60 and within walking distance of the Fiesta Mall redevelopment project. The property's location provides access to a diverse range of demand generators, including business travelers, educational institutions, medical facilities, and tourism attractions. The Phoenix-Mesa metro area, one of the fastest-growing in the US, offers a significant population base of nearly 5 million residents. The recent renovation, completed in January 2023, included a Formula Blue PIP, minimizing the need for future capital improvements and maximizing potential for value appreciation. The hotel previously operated under different brands (Fairfield Inn and GreenTree Inn) before its current iteration as a Holiday Inn Express. The property is zoned C-3 and offers significant upside potential for new ownership. This is a rare opportunity to acquire a well-positioned, recently renovated hotel in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,595,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,125,000
- 6.5%
- $2,885,000
- 7%
- $2,680,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.852
- Latitude
- 33.3894
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
