Motel 6 Tempe, AZ Phoenix Airport
1720 S Priest Dr, Tempe, AZ, 85281
$12,500,000
Price
9.27%
2024 Cap Rate
$95,419
Price Per Key
131
Total Rooms
12.01%
2024 Cash on Cash
$95
2024 ADR

Investment Highlights
  • Recently reduced by $500,000!!
  • Well, performing asset that still leaves room for expense optimization to increase new operators bottom line
  • Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.
  • Proximity of Arizona State University (ASU) and the vibrant Mill Avenue District which offers restaurants, shops, and entertainment.
  • Located only 4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.
Location Summary
  • Motel 6 Tempe - Phoenix Airport is located just 4 miles away from Phoenix Sky Harbor International Airport and a 30-minute drive from Phoenix-Mesa Gateway Airport providing accessibility for travelers coming in and out of the greater Phoenix area. Being in Tempe, this property also benefits from its proximity to Arizona State University (ASU) which attracts students, faculty, and visitors. Additionally, the vibrant Mill Avenue District is close by offering restaurants, shops, and an array of entertainment options. This motel is also in proximity of restaurants, banks, shops, fitness centers, and grocery stores, which only adds to the properties appeal to guest. Other nearby attractions to the Motel 6 are the Phoenix Zoo, Legacy Golf, and the Arizona Mills Shopping Mall.
FOR MORE DETAILS CONTACT
Sudhir "Sid" Tewari
Principal/Managing Broker
(714) 340-0578
sid@tshoteladvisors.com
Lic: CA: 01773230
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
Lic: CA 01859094
Scott Reid
ParaSell, Inc. – Broker
(949) 942-6578
broker@parasellinc.com
Lic: CO709902000