NewGen Advisory is proud to present for sale the fee simple interest, in the 116 room Hotel Infinity Inn & Suites (former Ramada) located in thriving Tempe, Arizona. This property can be flagged and operated as a limited service hotel, converted to a 30 day rental, or convert to an apartment complex. The hotel is already zoned by right to be converted to market rate or affordable housing apartments, with full support from the local town of Guadalupe. The hotel is in turn key condition with oversized rooms, LVT flooring and fire sprinklers throughout. It is already approved to be converted to 72 apartments, making this building an ideal property for anyone looking for an asset with significant upside in the heart of Phoenix.