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1720 S Priest Dr
Tempe, AZ 85281 West Tempe

$12,500,000 USD

Hotel For Sale  •  33,174 SF

Property Details

• Property Type Hotel
• Total Building Size 33,174 SF
• Lot Size 2.25 AC
• Building Class C
• Year Built 1977
• Zoning GID

46 Transit Score

60 Walk Score

Highlights

Close proximity of Arizona State University (ASU) and the vibrant Mill Avenue District which offers restaurants, shops, and entertainment.

4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.

3 Stories, Exterior Corridor Property with 131 guest rooms situated on 2.25 acres in Tempe, Arizona.

Well performing asset that still leaves room for expense optimization to increase new operators bottom line.

Priced well at an 9.27% cap rate based on 2024 revenues.

Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.

Amenities

• Pool
• High Speed Internet Access
• Patio
• Public Access Wifi

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	11 min	-	4.8 mi
Phoenix-Mesa Gateway	35 min	-	24.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	180
Type:	Surface
Included in Rent:	Yes