1501 S Redondo Center Dr - Hospitality FOR SALE


Yuma, AZ 85365- Downtown Yuma
$18,000,000 USD
602-687-6700
1501 S Redondo Center Dr, Yuma, AZ for Sale
$18,000,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

1501 S Redondo Center Dr
Yuma, AZ 85365
Downtown Yuma


HIGHLIGHTS

  • Significant RevPAR Upside - Indexing 73.1% Against STR Comp Set. Multiple Conversion Opportunities - With Potential Key Money
  • Multiple Brand Conversion Opportunities: Marriott, Hilton, Hyatt, IHG, Best Western, Choice, Sonesta & Choice - With Potential Key Money
  • Adjacent Vacant Land Parcels Located Next to the Radisson Hotel (South & West) Are Also for Sale, Together or Separate
  • Yuma is Host to Many Outdoor Opportunities Such as Hiking, Biking, Rafting the Colorado River, and the Most Famous Off-roading Trails & Dunes
  • Located Less than 3 Miles from the Onvida Health Yuma Medical Center. Yuma is Deemed as a Foreign Trade Zone by the U.S. Government as of 2023
  • Situated in a Growing Regional Hub with Strong Tourism, Military, and Agricultural Demand

OVERVIEW

Marcus & Millichap is pleased to exclusively present for sale, the Radisson Hotel in Yuma, AZ. The 154 key asset offers great property amenities such as a complimentary shuttle to and from the YUM airport, a lounge/bar, a business center with printing services, and both an indoor and outdoor pool. Multiple Brand Conversion Opportunities: Marriott, Hilton, Hyatt, IHG, Best Western, Choice, Sonesta & Choice - With Potential Key Money Located just off I-8 and roughly three miles from Yuma International Airport (YUM), Radisson Hotel Yuma offers easy access to the area’s many outdoor destinations as well as downtown Yuma, about five minutes west of the hotel. Yuma Palms Regional Center provides excellent shopping less than half a mile away, and we’re also close to great nightlife attractions like the Cocopah and Quechan casinos. Located Off the I-8 With Strong Highway Visibility - Over 26,000 Vehicles Per Day. Multiple Developments are Underway in Yuma, Including True North Renewable Energy's New Plant (Construction Beginning Later This Year) and the EVelution Energy Plant (Construction Completion Expected in Late 2025). Yuma is Deemed as a Foreign Trade Zone by the U.S. Government as of 2023 - Allowing Yuma to Benefit from Global Trades and Promote Local Economic Development. Yuma is Host to Many Outdoor Opportunities Such as Hiking, Biking, Rafting the Colorado River, and the Most Famous, Off-Roading Trails & Dunes All Located Within Close Proximity to the Radisson hotel Please visit https://radissonhotelyuma.sharplaunch.com/ to view offering summary & due diligence. or contact Josh Tammen at (480) 567-6853

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$154 USD /SF

# OF ROOMS

154

PRICE/ROOM

$116,883 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radisson Hotel Yuma

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

299

LAND DETAILS

LAND ACRES

8.2 AC

LAND SF

357,382 SF

ZONING

B-2

APN/PARCEL ID

665-30-002

ASK ABOUT THIS PROPERTY

Ryan SarbinoffMarcus & MillichapMore Info
602-687-6700

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Ryan SarbinoffMarcus & MillichapMore Info
602-687-6700

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