Hotel
Location: United States -> Arizona -> Phoenix
Industry: Hotels and Holiday Accommodation > Hotels
Businesses for sale Summary
This two-story, 90-room hotel for sale is two miles from the Phoenix Sky Harbor Airport and minutes from downtown Phoenix. The hotel contains a mix of single, double and king rooms as well as two suites. There is an owner/manager quarters in the hotel as well as two banquet rooms. The hotel is located on 2.8-acres and has an outdoor pool. The roof is less than seven years old and the hotel is within walking distance to restaurants. Onsite vending and laundry provides additional income. At the asking price of $3,600,000 the CAP is over 12%. Owner will consider seller financing for qualified buyer.
Financials
Asking Price Range: $2.5M – $5.0M
Gross Revenues: $980,000
Cash Flow: $600,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1964
Number of Employees: 10 – 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
