Phoenix Real Estate

12800 N Saguaro Boulevard Fountain Hills, Arizona


Listing ID5905710
Price$8,500,000
StatusActive
CountyMaricopa
Year Built2005
Property TypeComm/Industry Sale
Sperry Commercial is pleased to present for sale the well-located and impeccably well-maintained LakeShore Hotel & Suites, a 104 room full service hotel located in the heart of Fountain Hills, AZ. Originally built as a Holiday Inn and converted to a Lexington Hotel in January, 2014, the property is presently named Lakeshore Hotel & Suites and is unencumbered by any franchise agreements. Listed at a price of $8,500,000, with an existing Credit Union loan of +/-$4,500,000. This loan may be paid off at close of escrow subject to a small prepayment penalty (see Listing Broker for details regarding this financing). *Minimal Competition in Area*Originally Built to Holiday Inn Specifications in 2005 *Not Burdened by Current Franchise Agreement *Situated On 3 Acres of Prime Downtown Land
© 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Phoenix Urban Spaces, LLC are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Phoenix Urban Spaces, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing courtesy of Sperry Commercial. Listing data last updated Tuesday, July 23rd, 2019 07:04:59 PM.

Contact - Listing ID 5905710

Roberta Candelaria

1837 E Minnezona Ave
Phoenix, AZ 85016
Phone: 6027913292
Phone Alt: 6027913292
Fax: 6026804963
Broker Email: [email protected]

Data services provided by IDX Broker
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