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Travel Inn

Market Price

4021 N 27th Ave, Phoenix, AZ 85017

Active
Last Updated: 10/15/2024

32,600 sqft

Building Size

3.17 acres

Lot Area

Details:
Building Size:    32,600 sqft
Lot Area:    3.17 acres
Keys:    98
Class:    C
Year Built:    1972
Floors:    2
Highlights:
  • 95 units independent hotel unencumbered by a franchise or management
  • 3 Room Apartment
  • 98 Total Rooms
  • Multiple franchise opportunities
  • Zoned R-5, multi-family use permitted
  • Phoenix Population: 1.6M | 5th most populated US State
Description:

NewGen Advisory is proud to present for sale, the fee simple interest of the 98-room independent Travel Inn located in Phoenix, Arizona. The hotel is situated in one of the highest growing RevPar markets in the entire state, with multiple rebrand options from top franchises. Additionally, multi-family investors have an opportunity to convert the hotel rooms to long term apartments with the existing R-5 zoning.

The Travel Inn 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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