Moxy Phoenix Tempe/ASU Area
Moxy Phoenix Tempe/ASU Area
Deal Type: Acquisition
Risk Profiles: Core, Value-Add, Opportunistic
Property Types: Hotel & Hospitality
INVESTMENT SUMMARY
Cushman & Wakefield has been exclusively retained to offer for sale the leasehold interest in the, 186-key MOXY Phoenix Tempe ASU Area (the “Hotel” or “Property”). Ideally positioned in the heart of Tempe’s dynamic ASU submarket, the Property benefits from exceptional proximity to Arizona State University—one of the largest and fastest-growing universities in the nation—along with strong accessibility to Phoenix Sky Harbor International Airport and the region’s most prominent corporate, leisure, and entertainment demand drivers.
- Flexible Branding & Value-Creation Opportunity – Delivered unencumbered by an existing franchise agreement, the Property offers a rare chance for investors to select a brand or independent positioning that maximizes operational upside, aligns with the asset’s design and market, and drives long-term value creation.
- Multiple Revenue Centers Supporting Cash Flow – The Property benefits from diversified income streams including guestrooms, food & beverage operations, and parking, complemented by stable ancillary income from a retail sublease with CVS Health that pays for 90%+ of the ground lease of the hotel.
- Operational Upside Through Strategic Repositioning – Investors can enhance performance through targeted capital improvements, improved revenue management, and operational efficiencies aimed at increasing ADR, occupancy, and overall RevPAR penetration.
- Adjacent to Major University Demand Generator – The Hotel benefits from being across the street from Arizona State University main campus, one of the largest universities in the United States, which drives year-round lodging demand from campus events, conferences, collegiate athletics, and university-related travel.
- Walkable Location in Tempe’s Premier Entertainment Corridor – The Property is located near the highly amenitized Mill Avenue District, a vibrant dining, nightlife, and retail destination that attracts both leisure travelers and university-related visitors.
- Proximity to Major Corporate Employment Base – The Property is located near major corporate campuses including State Farm, Amazon, and Microsoft, supporting consistent corporate transient and group demand.
- Excellent Regional Connectivity – The Hotel benefits from convenient access to Phoenix Sky Harbor International Airport and connectivity via the Valley Metro Rail, providing efficient access to the broader Phoenix metropolitan area.
- Located in a High-Growth Sun Belt Market – Tempe, Arizona continues to experience strong population, employment, and technology-sector growth within the greater Phoenix, Arizona metropolitan area, supporting long-term lodging demand fundamentals.
CONTACT US
Bill Murney
Executive Managing Director
Cushman & Wakefield
(602) 499-5535
Bub Bergstrom
Senior Associate
Cushman & Wakefield
(310) 213-3144
Mike Montoya
Director
Cushman & Wakefield
(480) 225-2594