Superb San Carlos Boutique Hotel! (Phoenix, AZ).

Hotel San Carlos.
Address: 202 North Central Avenue, Phoenix Az 85004.

Price: $25,500,000 PLUS 4%
(Just Reduced From $33,000,000)

-Hotel Has 128 Keys With Five Suites Plus There Is A Ground Floor Retail

-This 7 Story Hotel Is On The National Registry Of Historic Hotels In America, Built In 1928

-This Hotel Is Well Known To Cater To Government Workers (I.D. Required)

-The Hotel Is Finishing Up A $12Mm Hotel Renovation

-Location Is Close To The Phoenix Convention Center (900,000 Sf), A Block From The New Light Rail Station

-Convenient Location To All Of The Major Highways And Arteries

-Downtown Sports Venues: Chase Field (Arizona Diamonbacks) & The Arena For The Phoenix Suns, Nearby

-Sky Harbor Airport Is Just 10-15 Minute From The Hotel And There Is -Shuttle Service Available

-There Are Two Meeting Rooms With The Largest Being 1,100 Square Feet

-Restaurant Inside The Hotel Plus A Multitude Of Restaurant Options Downtown & Beyond

-Hotel Rates Vary During The Summer Season (App. $100/Nt) & Winter Season (App. $195/Nt)

-Cap Rate Is In The 7-8% Range (This Is Estimated Based On The Past Years, Please Do Your Own Dd)

-Amenities Include: Rooftop Pool And Sundeck, Restaurant, Fitness Center, Gift And Barber Shop, Business Center, Free Wifi, New Serta Sleep Mattresses

Comments From The Seller:
My family after 45 years is decided to divest historic boutique hotel in downtown Phoenix, AZ with 128 . The property is ideally located in heart of downtown Phoenix and in vicinity of major corporate headquarters and in the heart of the cultural center of downtown Phoenix. Convention Center is just few blocks away. There are ample possibilities to re-develop this asset either office or upscale hotel. Marriott has agreed to place aMarriott brand after renovations (contract for a flag has not been signed as of

LOI and POF needed to proceed forward

Posted Jul 13, 2016

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