for sale
Holiday Inn Express
1405 South Westwood | Mesa, AZ 85210
Investment Highlights
- Opportunity to acquire a 64 room, 3 story, interior corridor Holiday Inn Express that sits on 1.3 acres of land in Mesa, Arizona.
- Mesa is one of the fastest growing suburbs in the Phoenix metro, thanks to its prime location, multiple demand generators, and continuous growth in the city.
- Significant upside post extensive renovation for the Formula Blue PIP during the last year. The majority of the renovations were completed early 2024, resulting in a significant increase in room revenue.
- This offering presents an extraordinary opportunity for new ownership to acquire an asset with minimal capital improvements anticipated and significant value enhancement upside.
- Diverse demand drivers: The hotel’s location in Mesa offers strategic proximity to demand generators such as business demand, educational institutions, medical facilities, and tourism attractions.
Property Description
NewGen Advisory is pleased to solicit offers to acquire the fee simple interest in the Holiday Inn Express – Mesa AZ. Located off US Highway 60 and walking distance to the re-development of the Fiesta Mall, the 64-room hotel receives business from a diverse population of leisure and corporate sales.
Location Description
Discover the vibrant pulse of Mesa, where the Holiday Inn Express – Mesa AZ is nestled within the thriving Phoenix market. Just minutes away, guests can explore the rich local culture at the Mesa Arts Center, indulge in retail therapy at Superstition Springs Center, or enjoy outdoor pursuits at Usery Mountain Regional Park.
With convenient access to Phoenix-Mesa Gateway Airport and major freeways, the area offers endless opportunities for Hospitality/Limited Service investors. Embrace the dynamic blend of business and leisure, as well as the allure of the nearby Arizona State University Polytechnic campus. This strategic location creates a compelling environment for guest satisfaction and investment success.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Dinesh “Dan” Rama
Managing Broker
AZ #BR515223000
(602) 478-9636
dan.rama@newgenadv.com
Amiti Bhow
Associate
AZ #SA704817000
(917) 596-6578
abhow@newgenadv.com