Premier Inn Metro Center 10402 N Black Canyon Hwy 110 Room Hotel Phoenix, AZ 85051 $12,865,527 CAD ($116,959 CAD/Room)

The Premier Inn Metro Center is a 110-unit independent hotel located in Phoenix, AZ. On the market for the first time in 30 years, this property represents an exceptional value-add opportunity in one of the nation's top hospitality markets.

The hotel is strategically located along I-17, with over 40,000 vehicles passing by daily. It is situated directly next to Metro Center, currently undergoing a transformative $850 million renovation—the largest mall redevelopment project in Arizona's history. The redevelopment plan features townhomes, retail spaces, restaurants, parks, bike paths, and more. Adding to the area's connectivity is the newly completed light rail Transit Center within walking distance, offering access to central Phoenix, Tempe, and Mesa. The hotel is also near Castles N' Coasters amusement park, several professional sports venues and a variety of other popular attractions, making it an ideal hub for visitors.

Owned and operated by long-time corporate owners based out of state, this property presents a tremendous opportunity for new ownership to increase revenue through updated sales and operational strategies. The hotel will be delivered unencumbered by brand, with numerous branding options available.

Phoenix, the 5th largest city in the United States, attracts 46.7 million visitors annually and is consistently ranked as one of the fastest-growing metro areas in the country. This is a rare opportunity to acquire a steadily performing asset with clear potential for growth in a prime location within the city.