Property Overview
Price/Rent PSF $ 8,500,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 58,937
Date Available 02/05/2019
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Floors 4
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Description

Location
NewGen Advisory is please to offer, to qualified investors, the opportunity to acquire the Comfort Inn in Chandler, Arizona. This 129 interior-corridor property is situated off the Interstate 10 and Chandler Boulevard. The Comfort Inn is an ideal stop for business travelers, vacationers and baseball fans during spring training.

Sale
NewGen Advisory is pleased to introduce the oppourtunity to acquire the fee-simple interest in the 129-room Comfort Inn Chandler. The hotel is conveniently located off of Interstate 10, allowing fo easy access to Phoenix International Airport, Tempe Diablo Stadium, Rawhide Western Town, Arizona Mills Malls, Chandler Fashion Mall, and Wild Horse Pass Motorsports Park.
The Comfort Inn is performing well but is currently achieving a RevPar penetration in the low 70's compared to its competitive set, therefore offering an upside for improved performance. With increased direct oversight and concentrated selling efforts by a management team with more presence in the region, the Comfort Inn will be able to better penetrate the Chandler hotel market and achieve much stronger RevPar results.
Since 2015, the hotel had undergone over an $1.8 Million property improvement, including a new lobby, and breakfast area seating in 2017.

Location