Welcome to Hotel Bluestone Casa Grande, amazing investment opportunity to own this beautiful 104-unit interior corridor hotel/motel located just off the I-10. The gross building size is 49,682 square feet with a breakfast buffet and restaurant that needs remodeling. The unit mix of the rooms are 58 Single rooms (173 SF) and 46 double rooms (221SF) The hotel also features, card swipe door/open locks/keyless entry, surveillance system, storage yard, reinforced concrete footings, concrete floor, sub-grade is compacted ABC fill, glass in anodized aluminum frames, irrigation, domestic well, plumbing and electric up to date. The property has the largest commercial swimming pool in the area, breakfast area, banquet area, conference room, reception room, full kitchen, and restaurant.
The property was de-flagged by the seller in June 2019 from Quality Inn and currently named Hotel Bluestone Casa Grande. According to Pinal County records, the hotel's site totals 3.91 acres or 170,320 square feet. C-2 ZONING/Community Commercial District; City of Eloy. Potential possible zoning for medical use and/or multi-family use. All paved parking was redone in 2019. There are 85 open spaces plus 15 open paved lot for semi-truck parking with parking Ratio: 0.81 per room. The property has its own retention water and sewer system. However, the water and sewer options are available with the City of Eloy as well; Electricity is provided by Electric District 2; Natural gas is provided by Southwest Gas. All the furniture in the property is included with the sale.
The Hotel is just east of the metropolitan Phoenix area and just West of Tucson and is defined as an area of affordable housing, cultural and recreational amenities, and economic diversity as it experiences growth and is expected to enjoy increasing job opportunities. The hotel's location is in a fast growth stage of development.
The Hotel is located within an area of Eloy that contains an adequate amount of retail centers, schools, medical facilities, and other goods and services that will promote the marketability of the subject neighborhood. The hotel's physical and functional characteristics of the location are considered to have adequate visibility and access. The hotel is located in an area predominantly made up of residential development with commercial development along the main arterials and with adequate access to the goods and services of Eloy area. The site is at grade with the adjoining properties with no evidence of drainage problems or soil contamination.
The communities of Eloy such as Mammoth, Oracle, San Manuel, and Kearny have traditionally been active in copper mining, smelting, milling and refining. Arizona City, Eloy, Maricopa, Picacho, Red Rock and Stanfield have agriculture-based economies. Apache Junction, Arizona City, Coolidge, Eloy, and particularly Casa Grande have diversified their economic base to include manufacturing, trade and services. The county is home to many interesting attractions, including the Old West Highway 60, Casa Grande Ruins National Monument, Picacho Peak State Park, Picacho Reservoir, Boyce Thompson Southwestern Arboretum, Oracle State Park and Columbia University’s Biosphere II, McFarland State Park, Lost Dutchman State Park, Skydive Arizona, the world’s largest skydiving drop-zone, and the Florence Historical District, with 120 buildings on the National Register. This expansion and diversification have been facilitated by their location in the major growth corridor between Phoenix and Tucson near the junction of I-10 and I-8, except for Apache Junction, which is to the east of burgeoning Mesa. Most of the southern ¾ of Pinal County and a small area in Apache Junction are designated as Enterprise Zones.
MAJOR EMPLOYERS:
The major employers for the area include: Lucid Motors, Abbott Labs, Albertson’s, Apache Junction Health Center, Apache Junction Schools, Arizona State Prison, Asarco, Basha’s, Casa Grande Regional Medical Center, Casa Grande Elementary School District, Casa Grande Union High School District, Casa Grande Valley Newspapers, Central Arizona College, City of Apache Junction, City of Casa Grande, City of Eloy, Coolidge Unified School District, Corrections Corp. of America, Eloy Schools, Evergreen Air Center, Flying J Truckstop, Frito-Lay, Fry’s Food & Drug, Gila River Appraisal Technology, LLC 20Indian Community Government Farms, Harrah’s Ak-Chin Casino, Hexcel Corp., Holiday Inn, Hunter Douglas Wood Products, K-Mart, Mayville Metals, Mulay Plastics of Casa Grande, Pinal County, Regional Care Services Corp., Safeway Supermarkets, Sun Life Family Health Center, Tanger Outlet Center, Truckstop of America, Wal-Mart, Westile Roofing Products etc...
Nearby Attractions:
Hotel Bluestone is less than 10 minutes' drive to Robson Ranch Golf Club and wide variety of specialty shops nearby factory outlet malls are located nearby. There is also a golf course close to the hotel. The hotel is near the cities of ELOY, PHOENIX, TUCSON, ARIZONA CITY, CASA GRANDE, COOLIDGE and FLORENCE Several restaurants are located within walking distance.
PLEASE SEE ATTACHED AVERAGE ADR/REVPAR IN THIS SUBMARKET FOR THE HOTEL
CHECK OUT WEBSITE: https://www.hotelbluestonecasagrandearizona.com/
Disclaimer:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.