May 4, 2024 7:15 am
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Country Inn & Suites Mesa brings $10.9M

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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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.