INVESTMENT SUMMARY
Cushman & Wakefield has been exclusively retained to offer for sale the fee-simple interest in the 122-room Comfort Inn I-10 West @ 51st Avenue Phoenix (the “Hotel” or “Property”). The Property is located just east of the confluence of the I-10 and Loop 202 expansion, providing great visibility and access in the thriving high-barrier Phoenix market.
The recent expansion of Loop 202 has significantly enhanced regional connectivity, with more than 100,000 vehicles traveling the corridor daily. This infrastructure investment has catalyzed substantial economic development throughout the West Phoenix submarket, attracting new businesses, retail centers, and industrial hubs in close proximity to the Hotel.
Located approximately ten minutes from Downtown Phoenix, the Property benefits from proximity to many of the region’s largest demand generators, including Phoenix Sky Harbor International Airport, Phoenix Raceway, Talking Stick Resort Amphitheatre, State Farm Stadium, Footprint Center, and Chase Field. The Hotel is also located near several major educational institutions, including Grand Canyon University, Universal Technical Institute, Arizona State University Downtown Phoenix Campus, and the University of Arizona College of Medicine – Phoenix.
Originally developed as a Hampton Inn, the Hotel offers investors a compelling opportunity to acquire a well-built interior-corridor asset at a significant discount to replacement cost. With an established base of business and meaningful operational upside, the Property presents a strong value-add investment opportunity in the rapidly expanding West Phoenix submarket.
- Stable Base Business with Value-Add Upside: This hotel presents a compelling value-add investment opportunity, anchored by a stable base business with over 10 corporate trucking contracts delivering consistent occupancy and cash flow. The asset offers immediate income security while providing significant upside potential through targeted renovations. With completion of the PIP, a new owner can reposition the property to attract higher-rated leisure travelers, increase ADR, and drive overall revenue growth, enhancing both profitability and asset valuation.
- Convenient Location: The property is conveniently located at the West 202 Logistics Park, off 51st Ave & I-10, less than a mile from the new Loop 202 (South Mountain Freeway) interchange. The 22-mile Loop 202 opened at the end of 2019 and connects the east and west valley. The convenient access has created a logistical hub, with a presence from large corporations such as Amazon, FedEx, Target, CVS, The Home Depot, and PepsiCo. The hotel also provides convenient access to I-17, Loop 101 and Loop 303, while also providing easy access to Downtown Phoenix and Sky Harbor Airport.
- Offered Well Below Replace Cost: The hotel was originally built as a Hampton Inn and offers a compelling opportunity to invest at a price significantly lower than current replacement costs. With rising construction expenses—including labor and materials—paired with the Hotel’s size, condition, and location, replicating this 3-story interior-corridor property today would cost substantially more than the asking price, presenting strong value and upside potential. In addition to being offered below replacement cost, there is no additional supply planned within 4 miles of the Hotel.
- Opportunity in a High-Growth, Supply-Constrained Market: This offering represents a rare opportunity to acquire a hotel asset in Phoenix, one of the fastest-growing metropolitan areas in the U.S., with nearly 85,000 new residents added in 2023 and 2024 alone. The market is characterized by limited availability of quality hotel assets, positioning this property advantageously within a supply-constrained environment supported by strong economic and hospitality fundamentals. Phoenix is projected to welcome approximately 920,000 new residents over the next decade, further fueling demand across the region. The city’s expanding tourism sector and growing base of both corporate and leisure travelers continue to drive sustained RevPAR growth and high occupancy levels. This acquisition offers a strategic entry into a dynamic market with limited competition and compelling long-term growth potential.
- Fee Simple, Unencumbered by Management: The Hotel is offered fee simple and unencumbered by management. The Hotel is absentee-owned and operates with non-union labor, offering additional upside potential and maximum operational flexibility that can lead to stronger performance and demand levels.
CONTACT US
Mike Montoya
Director
Cushman & Wakefield
(480) 225-2594
Bub Bergstrom
Senior Associate
Cushman & Wakefield
(310) 213-3144
Bill Murney
Executive Managing Director
Cushman & Wakefield
(602) 499-5535