Holiday Inn Express & Suites Phoenix - Mesa 1405 S Westwood

NewGen Advisory is pleased to solicit offers to acquire the fee simple interest in the Holiday Inn Express in Mesa, Arizona. Located off US Highway 60 and walking distance from the re-development of the Fiesta Mall, the 64-room hotel receives business from a diverse population of leisure and corporate sales.
Opportunity to acquire a 64 room, 3 story, interior corridor Holiday Inn Express that sits on 1.3 acres of land in Mesa, Arizona. Mesa is one of the fastest growing suburbs in the Phoenix metro, thanks to prime location, multiple demand generators, and continuous growth in the city.
Minimal PIP, Significant Upside:
The hotel was under extensive renovation for the Formula Blue PIP during the last year. The majority of the renovations were completed earlier this year, resulting in a significant increase in room revenue. This offering presents an extraordinary opportunity for new ownership to acquire an asset with minimal capital improvements anticipated and significant value enhancement upside.
Diverse Demand Drivers:
The hotel’s location in Mesa offers strategic proximity to demand generators such as business demand, educational institutions, medical facilities, and tourism attractions.
One of the fastest growing metros in the US:
Phoenix-Mesa metro has a population of nearly 5 million and growing. This growth is attributed to factors such as job opportunities, affordable living costs compared to some other major cities, and the overall quality of life.