https://www.colliers.com/p-usa1110041
- For sale
Opportunity to acquire the fee simple interest in two hotels in the Phoenix Metropolitan area. The two assets consist of the 129-room Courtyard by Marriott Mesa at Wrigleyville West and the 180-room Sheraton Mesa Hotel at Wrigleyville West. The hotels offer investors an opportunity to acquire the properties from the original owner and manager.
Contact brokers to request the offering memorandum.
The Courtyard, built in 2020, and Sheraton, built in 2016 are adjacent to each other and conveniently located in Mesa, AZ. The two hotels are centrally located off the Loop 202 and Loop 101 freeways in Mesa, a growing suburb of Phoenix. Both hotels benefit from being steps away from the MLB Spring Training home to the Chicago Cubs, Sloan Park.
The opportunity also includes additional revenue streams outside of the hotel operations. Located between the Sheraton Mesa Hotel and Courtyard Mesa at Wrigleyville West hotels are numerous spaces that present an opportunity for additional income. There are 2 niche meeting rooms that are not associated with either hotel that are available as rental event spaces. There are 3 vacant retail spaces, two of which are grey shell spaces and a third that is a vanilla shell space. Lastly, there is a commercial laundry facility on-site that manages the laundry for the two on-site hotels as well as other local hotels.
Click to view virtual tours of Sheraton Mesa Hotel First Floor and Courtyard Mesa at Wrigley West First Floor. View additional virtual tours in documents section below.
