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DoubleTree by Hilton Hotel Phoenix North 10220 N Metro Pky E

284 Room Hotel Phoenix, AZ 85051 $16,000,000 ($56,338/Room) 7.62% Cap Rate

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Investment Highlights

Value Add Opportunity – Large Upside in Operations
Located along the I-17, 40,000 Cars pass the Hotel Daily
Over 19 Million tourist Visited Arizona in 2023. $4.5B Economic Impact

Close Proximity to many nearby attractions such as Castles & Coasters, Various Professional Sports Teams, and Casinos
$800M State Investment into Metro Center Redevelopment

Executive Summary

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)

PhoenixAZ DT 284 Flyer

Property Facts

Price	$16,000,000	Building Size	179,039 SF
Price Per Room	$56,338	No. Rooms	284
Sale Type	Investment	No. Stories	5
Cap Rate	7.62%	Year Built/Renovated	1982/2019
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	1.68/1,000 SF
Building Class	B	Corridor	Interior
Lot Size	5.38 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$16,000,000
Price Per Room	$56,338
Sale Type	Investment
Cap Rate	7.62%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	5.38 AC
Building Size	179,039 SF
No. Rooms	284
No. Stories	5
Year Built/Renovated	1982/2019
Tenancy	Single
Parking Ratio	1.68/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.