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.
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)
Construction & Sales Costs Demolition and Reconstruction $15,000,000 20 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 619-708-4446