$5M+ Deals – Hotel near airport sells for $8.53M

Below is the deal that closed Friday, April 1, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $8.53M+
Buyer: RR Hotels Phoenix, LLC
Seller: World Travel Inns Limited Partnership
Property Type: Commercial, Fairfield Inn & Suites Phoenix Airport
Property Size: 1.4 acres, 38,950 SF
Location: NEC S 47th St & E University Dr in Phoenix (4702 E University Dr)
APN: 124-44-018A, 124-44-031A
Financing: $985k down on new conventional loan
To view the affidavit, click here.

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