480-567-6853
10220 N Metro Pky E, Phoenix, AZ for Sale
Hospitality - FOR SALE
1/22
null | Request Cap Rate

10220 N Metro Pky E
Phoenix, AZ 85051
Metrocenter


HIGHLIGHTS

  • Value Add Opportunity – Large Upside in Operations
  • Close Proximity to many nearby attractions such as Castles & Coasters, Various Professional Sports Teams, and Casinos
  • Located along the I-17, 40,000 Cars pass the Hotel Daily, Situated within the MetroCenter parking lot which is undergoing $850M Redevelopment
  • Hotel is on a Ground lease, Able to Purchase the land for $7M. 5.29 Acres, 3% of Gross Revenue, 33 years remaining (option to extend up to 99 years)
  • Converted from Radisson to DoubleTree in 2018
  • Over 42 Million Tourists Visited Arizona in 2023, a $29.3B Economic Impact

OVERVIEW

To view our offering summary and due diligence, please visit https://doubletreephoenixnorth.sharplaunch.com/ or contact Josh Tammen at (480) 567-6853 Marcus & Millichap has been chosen to exclusively market for sale the DoubleTree Phoenix North, a five-story full service hotel located right next door to the Metro Center Mall which is currently undergoing a $850M Redevelopment. Guest rooms include Wi-Fi, Smart TV, mini-refrigerator, Keurig coffee maker, and numerous plug and USB outlets. The property is ideally located 16 miles Northwest of Phoenix Sky Harbor Airport and nearby to many main attractions/businesses. Phoenix is host to several museums and sporting venues, including the Footprint center (home to NBA's Phoenix Suns) and Chase Field (home to MLB's Diamondbacks), among others. Nearby attractions/businesses include Phoenix Zoo, Castles & Coasters, and Taiwan Semiconductor. Phoenix is also the Fifth-largest city by population in the U.S. The DoubleTree Phoenix North represents the opportunity to acquire a Premium Branded Hilton Hotel in a desirable market near several demand drivers. (The DoubleTree Phoenix North is located on a Ground Lease. Options to Purchase the Land are Available)

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

284

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DoubleTree by Hilton Hotel Phoenix North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1982

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.38 AC

LAND SF

234,353 SF

ZONING

C-R

APN/PARCEL ID

149-16-398A,149-16-398B

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.