69 Unit Quality Inn for Sale in Arizona

Asking Price: $3,100,000 Paramount Lodging Advisors has been retained as the exclusive advisor with respect to the sale of the Quality Inn & Suites located at 16741 North Greasewood Street Surprise, Arizona 85374. Opened in April 1997, the Quality Inn & Suites Surprise features 69-rooms, 26 of those rooms being suites, within a 3-story interior-corridor building. The Quality Inn & Suites Surprise benefits from its franchise affiliation with Choice Hotels. With over 65 years of experience, Choice Hotels is one of the world’s largest franchisors, with over 6,800 properties open and under development. These franchised Choice Hotel properties were backed by marketing support in the amount of $179.0 million system-wide in 2009 and a Central Reservation System that booked over $1.7 billion system-wide gross room revenue in 2009. Choice’s Quality brand is one of the most recognized brands in the lodging industry. In 2009, reservations generated through the Choice Hotels Central Reservation System represented an average of 29.4% for the Quality Inn brand and 32.7% of gross room revenue for the Quality Inn & Suites brand. In terms of total distribution, in 2009, there were 977 open and operating Quality Hotel, Quality Inn, Quality Inn & Suites, Quality Resort, and Quality Suites hotels in the United States. These properties have an Average Occupancy Rate of 46.9%, an Average Daily Rate of $68.23, and subsequently a Revenue Per Available Room (RevPAR) of $31.97.

All Properties Hotels 3-4 million USD, USA