Hotels for sale in Gilbert, Arizona, offer a unique investment opportunity in a rapidly growing community. With a current population of approximately 290,000 residents, Gilbert is an attractive location for businesses and travelers alike. Hotels in Gilbert can represent a range of investments, from limited-service properties to full-service resorts, each catering to different types of travelers and offering distinct amenities. Gilbert's strong economy, competitive schools, and safe neighborhoods make it an ideal location for hotels, which can benefit from the town's amenities, infrastructure, and location. For instance, the Gilbert Parks and Recreation department provides over 600 acres of open space, 37 park ramadas, four public pools, a riparian area, and over 40 sports fields, making it an attractive destination for families and outdoor enthusiasts. Additionally, Gilbert is home to major employers like GoDaddy, Northrop Grumman, and Banner Health, which can drive business travel to the area. The town's proximity to the Phoenix Mesa Gateway Airport and Phoenix Sky Harbor International Airport also makes it an attractive location for hotels catering to travelers.
With 1 hotels for sale in Gilbert, investors have a range of options to choose from. Gilbert's hotels can benefit from the town's diverse economy, which includes advanced manufacturing, aerospace and defense, biotechnology, clean technology, and renewable energy. The town's education institutions, such as Gilbert Public Schools, Chandler Unified School District, and Park University, also attract visitors and drive demand for hotels. In addition to hotels, Gilbert offers a range of other property types for sale, including restaurants, which can benefit from the town's growing population and diverse economy. Apartment buildings are also available, offering investors an opportunity to capitalize on Gilbert's strong rental market. Shopping centers, which can benefit from the town's growing retail sector, are another option. Overall, Gilbert's hotels for sale offer a unique investment opportunity in a rapidly growing community with a strong economy and diverse amenities.
What factors should I consider when buying a hotel in Gilbert?
When buying a hotel in Gilbert, Arizona, there are several key factors to consider, including:
- The local economy, which is driven by industries such as advanced manufacturing, aerospace and defense, biotechnology, clean technology, and renewable energy, and is home to major employers like GoDaddy, Northrop Grumman, and Banner Health.
- The town's infrastructure, which includes transportation facilities like the Santan Freeway (Loop 202) and the US 60 Superstition Freeway, as well as regional arterials and a park-and-ride facility for bus service, making it easily accessible for guests.
- The availability of hotels for sale in Gilbert, with 1 listings currently on the market, offering a range of options in terms of size, price, and amenities, with an average price per square foot of , an average size of 56,052 square feet, and a largest size of 56,052 square feet, and an average cap rate of.
It's also important to consider the town's amenities, such as the Gilbert Parks and Recreation department, which manages over 600 acres of open space, 37 park ramadas, four public pools, a riparian area, and over 40 sports fields, as well as its cultural attractions, including the Gilbert Arizona Temple, Gilbert Historical Museum, and 9/11 Memorial, which can attract visitors and guests to the area. Additionally, financing options, such as CRE loans, should be explored to determine the best fit for your investment.
How is the value of a hotel for sale typically calculated?
In Gilbert, Arizona, where there are currently 1 hotel listings available, the value of a hotel for sale is typically calculated using a combination of methods, including the income approach, sales comparison approach, and cost approach. For a comprehensive understanding of the valuation process, it's essential to consult a CRE appraisal expert, as outlined in our article at CRE appraisals, which provides an in-depth look at the various factors that influence a hotel's value.
