November 22, 2024 12:29 am
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Redevelopment plans will transform Phoenix hotel into senior housing

The former Country Inn & Suites property at 20221 N. 29th Ave. is said to be an ideal conversion target for a senior living community because of its large suite size rooms and abundant common areas. AZRE

AZRE

A partnership between Bruckal Developments and Ridgeline Properties has purchased the former Country Inn & Suites property at 20221 N. 29th Ave. for a price of $8,336,000. The buyer plans to convert the property into senior housing — assisted living and memory care.

“This is one of the most creative and complex real estate transactions I have encountered in my career,” said Tim Dulany, vice president of Colliers International in Greater Phoenix. “Pent up demand for additional private pay senior housing units in this submarket motivated me to pursue that possibility as an alternate use for this asset.”

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