Independent Suites Hotel for Sale
Sedona, Arizona
Not Available

The Hotel for sale is beautiful and well maintained. It sits in the heart of Arizona's breathtaking Red Rock Country.

This property is truly a sleeper. For the discerning buyer who recognizes the strength of the Sedona market and the value of real property in that unique community, this Independent Suites Hotel is a real opportunity with tremendous growth potential.

The limitations on new hotel construction, in effect in Sedona, make this and other existing properties all the more valuable.

Property Overview

• 46 rooms - 41 mini-suites or suites and 5 standard rooms. The mini-suites are 12'X30' with
  defined bedroom and sitting areas.
• Exterior corridor
• Built in 1996 and opened in February of 1997
• Heated pool
• Heated spa
• Plenty of parking
  

Upgrades Made in 2007 by Current Owner:

• New granite vanities throughout hotel
• 15 new upgraded Jacuzzis
• New drapes throughout hotel
• All rooms repainted
• New plasma televisions
• Removed old armoires and replaced with new chests of drawers
• Exterior repainted
• New signs put up

The increased revenue since completion and renovations is astounding compared to comparable figures for 2006:

• June 2007 was 124% of June 2006
• July 2007 was 138% of July 2006
• August 2007 was 225% of August 2006
• September 2007 was 111% of September 2006
• October 2007 was 118% of October 2006

Seller has signed a major contract with a tour operator which the Seller advises will generate $700,000 over three years, in additional income beginning in 2008:

• $200,000 in 2008 +/-
• $250,000 in 2009
• $250,000 in 2010.

And this is not the only piece of new group business!

The buyer of this hotel is not buying a property at its peak, with no where to go but down.

This property today has tremendous potential for growth and increased profit all to the benefit of a new owner!