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Sterling International Hotel

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Property Overview

OWNER MUST SELL!! SUBMIT OFFERS!! New light rail station across from property. Price will reduce after negotations with the city are final with the removal of eight rooms from the property.

Listing Broker(s)

Bernie Levine Contact Broker Phone: 602-765-4840 Fax: 602-765-4841 E-mail: berniel@hotelbrokerone.com

Property Highlights

Asking Price:
$6,000,000
Location:
City near Airport,Phoenix
Property Description:
Other
Number of Rooms:
97
Major Source of Business:
Airport business
Site Size:
2.45 acres
Year Built:
1973
Last Year Renovated:
2003
Common Area Amenities:
Outdoor pool

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2006 Projected
  • 29.00%
  • $49
  • $478,060
  • $6,186
  • 12.55
  • $4,928
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Location

124 South 24th Street


Phoenix, Arizona

Listing Broker

Bernie Levine, HotelBrokerOne Contact Broker Phone: 602-765-4840 Fax: 602-765-4841 E-mail: berniel@hotelbrokerone.com
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Listing Broker(s)

Bernie Levine Contact Broker Phone: 602-765-4840 Fax: 602-765-4841 E-mail: berniel@hotelbrokerone.com

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