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Hilton Phoenix Resort  Â
CBRE Inns solely represents the proprietor within the disposition of the 432 suite Hilton Phoenix Resort on the Peak. Nestled within the slopes of the Phoenix Mountains Protect, this providing is an distinctive alternative to amass an irreplaceable all suite resort asset on a sprawling 20-acre web site with numerous value-add alternatives at a fraction of substitute value. The resort consists of over 50,000 sq. ft of versatile occasion house, a well being membership/spa and 4 swimming pools, as nicely the four-acre River Ranch Water Park.
The Hilton Phoenix Resort on the Peak is considered one of Phoenix’s most iconic resort properties, situated close to downtown Phoenix and Scottsdale and quarter-hour from Sky Harbor Worldwide Airport. Situated lower than 4 miles from the Biltmore space of Phoenix, together with the upscale Biltmore Trend Park, the resort advantages from a location that may be very handy to space facilities.
The Hilton Phoenix Resort on the Peak has benefited from devoted stewardship, with investments of over $3.75 million within the final three years primarily targeted on constructing programs and back-of-house areas. Upon switch of possession, extra capital invested into visitor going through areas will proceed to raise the resort’s place amongst its competitors, whereas yielding stronger RevPAR efficiency from a newly renovated/repositioned product.
The resort advantages from being in one of many strongest lodging funding markets within the nation. The Phoenix Metro skilled 10 straight years of demand progress, with a 5.5% RevPAR CAGR over the past cycle. Phoenix MSA RevPAR efficiency for 2022 and into 2023 is predicted to surpass 2019, with 2023 outperforming 2019 by 26%.
Funding Highlights
- Irreplaceable Actual Property
- Sizable Income and Revenue Progress with Renovation
- A number of Worth Add Alternatives
- Distinctive Leisure Facilities
- Main Model In Place
- Important Low cost to Substitute Price
- Excessive Boundaries to Entry for Related Sized Asset
- Vibrant, Prime 25 MSA Location
- Group Enterprise Continues to Get well
- Unencumbered by Administration
- Choice to Buy Adjoining Parcel with Entitled 104-Unit Multifamily Redevelopment
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