10402 N Black Canyon Hwy - Hospitality FOR SALE


Phoenix, AZ 85051
$9,300,000 USD
818-851-3304
10402 N Black Canyon Hwy, Phoenix, AZ for Sale
$9,300,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

10402 N Black Canyon Hwy
Phoenix, AZ 85051


HIGHLIGHTS

  • 110 Units
  • First Time on the Market in 30 Years
  • Strategically Located in the Heart of Phoenix with Easy Access from Interstate 17
  • Out-of-State Corporate Owned with Multiple Branding Options Available
  • Immediately Adjacent to $850M Metro Center Urban Redevelopment Project
  • $84,000 per Key

OVERVIEW

The Premier Inn Metro Center is a 110-unit independent hotel located in Phoenix, AZ. On the market for the first time in 30 years, this property represents an exceptional value-add opportunity in one of the nation's top hospitality markets. The hotel is strategically located along I-17, with over 40,000 vehicles passing by daily. It is situated directly next to Metro Center, currently undergoing a transformative $850 million renovation—the largest mall redevelopment project in Arizona's history. The redevelopment plan features townhomes, retail spaces, restaurants, parks, bike paths, and more. Adding to the area's connectivity is the newly completed light rail Transit Center within walking distance, offering access to central Phoenix, Tempe, and Mesa. The hotel is also near Castles N' Coasters amusement park, several professional sports venues and a variety of other popular attractions, making it an ideal hub for visitors. Owned and operated by long-time corporate owners based out of state, this property presents a tremendous opportunity for new ownership to increase revenue through updated sales and operational strategies. The hotel will be delivered unencumbered by brand, with numerous branding options available. Phoenix, the 5th largest city in the United States, attracts 46.7 million visitors annually and is consistently ranked as one of the fastest-growing metro areas in the country. This is a rare opportunity to acquire a steadily performing asset with clear potential for growth in a prime location within the city.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

110

PRICE/ROOM

$84,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Inn Metro Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

184

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,964 SF

ZONING

C-C

APN/PARCEL ID

149-16-411

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3304

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Steve PostAmber Hotel CompanyMore Info
818-851-3304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.