Country Inn & Suites Mesa brings $10.9M

Country-Inn-Suites-Mesa_2

Country-Inn-Suites-Mesa_2By AZRE

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Country Inn & Suites Mesa, a 126-unit, interior corridor, mid-rise hotel in Mesa, Ariz.

The $10,910,000 sales price equates to $86,500 per room and represents more than 98 percent of the list price.

The property is located at the crossroads of U.S. Route 60 and East Superstition Springs Boulevard, five miles west of Phoenix-Mesa Gateway Airport and 22 miles east of Phoenix Sky Harbor International Airport.

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February 2015
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