Overview

Description

NewGen Advisory is pleased to offer the 146 room La Quinta Phoenix North to qualified investors looking to capture the upcoming peak season. This property was formally corporate owned and is currently locally owned and operated with year-over-year revenue growth. The hotel has resort style amenities including two tennis courts that can be converted to popular pickle ball or basketball.

This hotel presents a compelling investment opportunity in the vibrant city of Phoenix with easy access to Interstate 17, Phoenix Sky Harbor International Airport, Downtown Phoenix, and nearby attractions such as Castles N' Coasters and Six Flags Hurricane Harbor.


Phoenix, the capital city of Arizona, is a vibrant metropolis known for its desert landscapes, warm climate, and burgeoning cultural scene. With a population of over 1.6 million people, it's the fifth-most populous city in the United States, and it anchors the sprawling Phoenix metropolitan area, often called the Valley of the Sun, which is home to over 4.9 million residents. Phoenix boasts a diverse economy, with sectors ranging from technology and manufacturing to tourism and healthcare. Its strategic location in the southwestern United States has positioned it as a major transportation hub, with an extensive network of highways and Sky Harbor International Airport facilitating travel and trade. The North Phoenix submarket has been experiencing steady growth, fueled by its appeal to both families and young professionals seeking affordability and proximity to outdoor amenities.

Highlights

• Prime Location off Interstate 17 in Top 5 Most Populated City in U.S.
• New Roof in 2024
• Priced Well Below Replacement Cost
• Upside Potential to Offer All On-Site Full Service Amenities
• Revenue Growth Year-Over-Year

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