for sale
Travel Inn
4021 N 27th Ave | Phoenix, AZ 85017
Investment Highlights
- 95 room independent hotel unencumbered by franchise or management
- 3 additional rooms used as manager’s quarters
- Multiple franchise opportunities available
- Absentee managed with significant upside
- Well maintained property with minimal deferred maintenance
- Zoned R-5: multi-family use permitted
- Phoenix population: 1.6M | 5th most populated US State
Property Description
NewGen Advisory is proud to present for sale, the fee simple interest of the 98-room independent Travel Inn in Phoenix, AZ. The hotel is situated in one of the highest growing RevPar markets in the entire state, with multiple rebrand options from top franchises.
Multi-family investors have an opportunity to convert the hotel rooms to long term apartments with the existing R-5 zoning.
Location Description
The Travel Inn – Phoenix, AZ is conveniently located off Interstate 17 (I-17), a north-south highway that stretches throughout the heart of Phoenix providing convenient access to all the Valley’s major demand generators. The hotel is a gateway to all that this dynamic city has to offer. It is situated within a 10-minute drive of prominent demand generators such as Arizona State University West Campus, Grand Canyon University, Phoenix Convention Center, and Phoenix Sky Harbor Airport.
The central location puts sports fans just moments away from multiple MLB spring training stadiums, Arizona Cardinals State Farm Stadium, Phoenix Suns Footprint Center and Arizona Diamondbacks Chase Field.
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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.
Jigar “Jay” Desai
Senior Vice President
AZ #SA675144000
(520) 664-4091
jigar.desai@newgenadv.com
Ryan Bodine
Senior Vice President
AZ #BR661940000
(480) 236-9918
ryan.bodine@newgenadv.com
Kishan Gohel
Senior Vice President
AZ #SA684403000
(480) 766-6014
kishan.gohel@newgenadv.com
BROKER OF RECORD
Dinesh “Dan” Rama
NewGen Advisory AZ, LLC
AZ #BR515223000