La Quinta Inn by Wyndham Phoenix North | 2510 W Greenway Rd
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La Quinta Inn by Wyndham Phoenix North 2510 W Greenway Rd
146 Room Hotel Phoenix, AZ 85023 $15,500,000 ($106,164/Room)
Investment Highlights
- Prime location off Interstate 17 in the top 5 most populated cities in the U.S.
- Priced well below replacement cost
- New roof, exterior paint, and guest room mattresses
- Surrounded by multi-family apartments & senior living
- Upside potential to offer all on-site full-service amenities
Executive Summary
NewGen Advisory is pleased to offer the 146 room La Quinta Phoenix North to qualified investors with a vision to maximize the uses of the property. This hotel presents a compelling investment opportunity in the vibrant city of Phoenix, Arizona.
There are a range of amenities such as a breakfast area, commercial kitchen, meeting space, two outdoor pools with bar, fitness center, and two tennis courts which caters to both leisure and business travelers. With its strategic location in the northern part of Phoenix, guests have easy access to major highways and nearby attractions such as Castles N’ Coasters and Six Flags Hurricane Harbor.
The Phoenix metropolitan area, also known as “The Valley”, is located in Maricopa county which is nearly the size of New Hampshire. The population is over 4.4 million people and continues growing every year making Phoenix one of the top 10 largest cities in the United States. The Phoenix area consists of more than 20 cities that are accessible by Interstate 10, Interstate 17, US Route 60, Loop 101, 202, and 303.
Phoenix plays an important role in the economy of the Southwestern region of the country. Some of the largest companies headquartered in Phoenix are Banner Health, PetSmart, US Airways, and ON Semiconductor. Intel is a prominent company that has been in Phoenix for over three decades. March of 2021 Intel announced a $20 billion expansion of their Chandler factory to manufacture microchips.
In 2019 the tourism industry of Phoenix brought in over $3 billion in revenue across 19 million visitors. The average stay at one of the valley hotels was three nights. The most popular activities for tourists were retail shopping, dining, and hiking. Phoenix is known to have some of the best golf courses in the country due to the weather in the spring and falls months. Golfers have an opportunity to play at one of the 170 courses in the area. In the summer months people can enjoy one of the seven lakes that are just under 100 miles from downtown Phoenix.
There are a range of amenities such as a breakfast area, commercial kitchen, meeting space, two outdoor pools with bar, fitness center, and two tennis courts which caters to both leisure and business travelers. With its strategic location in the northern part of Phoenix, guests have easy access to major highways and nearby attractions such as Castles N’ Coasters and Six Flags Hurricane Harbor.
The Phoenix metropolitan area, also known as “The Valley”, is located in Maricopa county which is nearly the size of New Hampshire. The population is over 4.4 million people and continues growing every year making Phoenix one of the top 10 largest cities in the United States. The Phoenix area consists of more than 20 cities that are accessible by Interstate 10, Interstate 17, US Route 60, Loop 101, 202, and 303.
Phoenix plays an important role in the economy of the Southwestern region of the country. Some of the largest companies headquartered in Phoenix are Banner Health, PetSmart, US Airways, and ON Semiconductor. Intel is a prominent company that has been in Phoenix for over three decades. March of 2021 Intel announced a $20 billion expansion of their Chandler factory to manufacture microchips.
In 2019 the tourism industry of Phoenix brought in over $3 billion in revenue across 19 million visitors. The average stay at one of the valley hotels was three nights. The most popular activities for tourists were retail shopping, dining, and hiking. Phoenix is known to have some of the best golf courses in the country due to the weather in the spring and falls months. Golfers have an opportunity to play at one of the 170 courses in the area. In the summer months people can enjoy one of the seven lakes that are just under 100 miles from downtown Phoenix.
Property Facts
| Price | $15,500,000 | Building Size | 82,581 SF |
| Price Per Room | $106,164 | No. Rooms | 146 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1979/2024 |
| Property Subtype | Hotel | Parking Ratio | 5.13/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 5.17 AC |
| Price | $15,500,000 |
| Price Per Room | $106,164 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.17 AC |
| Building Size | 82,581 SF |
| No. Rooms | 146 |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2024 |
| Parking Ratio | 5.13/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $127.00 | - |
| Guest Room | 142 | $102.00 | - |
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PROPERTY TAXES
| Parcel Number | 208-14-001R | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $727,018 |
PROPERTY TAXES
Parcel Number
208-14-001R
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$727,018
zoning
| Zoning Code | C-1 |
| C-1 |
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La Quinta Inn by Wyndham Phoenix North | 2510 W Greenway Rd
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