Presentation on theme: "OLD SCOTTSDALE INN 7110 E. Indian School Road Scottsdale, Arizona Joe Pinsonneault 619-708-4446."— Presentation transcript:
OLD SCOTTSDALE INN 7110 E. Indian School Road Scottsdale, Arizona Joe Pinsonneault
Existing Hotel Entry
This is an existing 65 room hotel in downtown Scottsdale, Arizona. 2 floors, built 41 years ago (1966) and renovated 3 years ago (2004). Check In: 3:00 PM, Check Out: 12:00 PM. Amenities include an existing swimming pool with a patio area. Free high-speed Internet in public areas, hot tub, fitness room, business center and free parking. Room Amenities include air conditioning, free high-speed internet and cable TV. Less than a 5 minute walk to all the restaurants, shops, entertainment and art galleries.
Existing Spa and Pool
Existing Room Double Beds
Existing Room King Bed & Sofa
The New Scottsdale Inn Plans have been approved for a new design for the Scottsdale Inn.
Fully Entitled Features: –44,000 +/- square feet under roof –This property has two levels –Wine/Bar Restaurant Next to the Pool Side –Exercise Gymnasium –Lobby –Currently there are 65 rooms –Plans to reconstruct to 40 rooms –Full entitlements for condominium conversion. (20 Units for hotel rental). Full entitlements for one seventh fractional shares 20 rooms (to avoid summer months)
Hotel Location to Downtown
Construction & Sales Costs Demolition and Reconstruction $15,000, Units at 1/7 th Fractional Shares 1/7 th Fractional Share Purchased at $375,000 (Average Sales Price) Total Gross Fractional Share Sell Out $52,400,000
Fire Sale Price with all plans and entitlements included have changed! For information call Joe Pinsonneault