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Property Detail

North Park Drive
Property tours are available by appointment only on 12/4 & 12/11.
$225,000
Manufacturer: https://www.cbre.com/

Description

  • Property tours are available by appointment only on 12/4 & 12/11. Please contact the broker to schedule. Walk-ins not permitted
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  • Property is positioned with direct proximity to a diverse set of leading demand drivers.
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  • Travelodge by Wyndham Winslow is located just north of the iconic U.S. Route 66 and serves as a competitive lodging option for tourists.
  • 1706 North Park Drive presents the market with a rare opportunity to acquire an economy hotel, possessing 72 rooms in Winslow, Arizona.
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  • Prominent opportunity to acquire a fee-simple Wyndham asset with ample amenities and value-add upside.
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  • The hotel is the closest lodging asset to Interstate 40 when exiting at North Park Drive, a dominant position for capturing transient demand.

Executive Summary

CBRE Hotels, as the sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 72-room Travelodge by Wyndham located in Winslow, Arizona, directly off the area’s main transportation artery, Interstate 40, and proximate to the city’s leading demand generators.

The hotel is conveniently accessible off Interstate 40 at North Park Drive Exit 253, providing guests access to a diverse mix of attractions throughout the surrounding area. As a commonly traveled route, Exit 253 has an Annual Average Daily Traffic (AADT) count of approximately 25,000 vehicles. The hotel is located one hour east of Flagstaff, Arizona, three hours northeast of Phoenix, Arizona, and four and a half hours east of Las Vegas, Nevada. Winslow, Arizona, presents a unique market opportunity for investors and businesses, particularly for those looking to capitalize on the town’s historic Route 66 charm and proximity to national parks.

The Winslow Travelodge by Wyndham is surrounded by a mix of demand drivers, including medical facilities, top local employers, restaurants, retail shopping centers, and state and national parks. Notable businesses and entities include Little Colorado Medical Center, BNSF Railway, Northland Pioneer College, Winslow Indian Health Care Center, Walmart Supercenter, and the tenants of North Park Plaza Shopping Center.
The proposed sale does not include the franchise agreement and any continuing operations as Travelodge Hotels, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Travelodge Hotels, Inc.
Property tours are available by appointment only on 12/4 & 12/11. Please contact the broker to schedule.

Bankruptcy - Travelodge by Wyndham Winslow

Listing ID : 00606

SKU: 606

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Price History

DateEventPrice
December 4 2024Listed$225,000.00