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450 Entertainment Avenue - Comfort Inn & Suites, Safford, AZ

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450 Entertainment Avenue - Comfort Inn & Suites

Safford, AZ 85546

(1.3 MB)

Property Type:Hospitality Number of Rooms:88 Status:Existing Year Built:2008
Stories:- Building Size:50,570 SF Land Area:3.37 AC (146,797 SF)
For Sale Price:$3,400,000 Price/Room:$38,636 Cap Rate:5.60 %

Portfolio:This property is for sale (for $6,800,000) as part of a portfolio of 2 properties.
Parking:2.58 Parking Spaces / 1,000 SF

Sale Notes:
The Safford Comfort Inn & Suites opened in 2008. The property is in good standing with Choice Hotels International with 13 years remaining on its current franchise agreement. Proximity to local and state industries is exceptional, and property amenities focus on government, corporate and industry travelers. Government employee travel rates increased, effective July 1, 2015, which accounts for nearly a 40% upside in revenue from Government contracted employee stays at the hotel.

Colliers International
Kim Soule
(602) 222-5047

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