Bankruptcy - Travelodge by Wyndham Winslow | 1706 N Park Dr
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Bankruptcy - Travelodge by Wyndham Winslow 1706 N Park Dr
72 Hotel Rooms Online Auction Sale Winslow, AZ 86047
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Investment Highlights
- Property tours are available by appointment only on 12/4 & 12/11. Please contact the broker to schedule. Walk-ins not permitted
- Property is positioned with direct proximity to a diverse set of leading demand drivers.
- Travelodge by Wyndham Winslow is located just north of the iconic U.S. Route 66 and serves as a competitive lodging option for tourists.
- 1706 North Park Drive presents the market with a rare opportunity to acquire an economy hotel, possessing 72 rooms in Winslow, Arizona.
- Prominent opportunity to acquire a fee-simple Wyndham asset with ample amenities and value-add upside.
- The hotel is the closest lodging asset to Interstate 40 when exiting at North Park Drive, a dominant position for capturing transient demand.
Executive Summary
CBRE Hotels, as the sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 72-room Travelodge by Wyndham located in Winslow, Arizona, directly off the area’s main transportation artery, Interstate 40, and proximate to the city’s leading demand generators.
The hotel is conveniently accessible off Interstate 40 at North Park Drive Exit 253, providing guests access to a diverse mix of attractions throughout the surrounding area. As a commonly traveled route, Exit 253 has an Annual Average Daily Traffic (AADT) count of approximately 25,000 vehicles. The hotel is located one hour east of Flagstaff, Arizona, three hours northeast of Phoenix, Arizona, and four and a half hours east of Las Vegas, Nevada. Winslow, Arizona, presents a unique market opportunity for investors and businesses, particularly for those looking to capitalize on the town’s historic Route 66 charm and proximity to national parks.
The Winslow Travelodge by Wyndham is surrounded by a mix of demand drivers, including medical facilities, top local employers, restaurants, retail shopping centers, and state and national parks. Notable businesses and entities include Little Colorado Medical Center, BNSF Railway, Northland Pioneer College, Winslow Indian Health Care Center, Walmart Supercenter, and the tenants of North Park Plaza Shopping Center.
The proposed sale does not include the franchise agreement and any continuing operations as Travelodge Hotels, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Travelodge Hotels, Inc.
Property tours are available by appointment only on 12/4 & 12/11. Please contact the broker to schedule.
The hotel is conveniently accessible off Interstate 40 at North Park Drive Exit 253, providing guests access to a diverse mix of attractions throughout the surrounding area. As a commonly traveled route, Exit 253 has an Annual Average Daily Traffic (AADT) count of approximately 25,000 vehicles. The hotel is located one hour east of Flagstaff, Arizona, three hours northeast of Phoenix, Arizona, and four and a half hours east of Las Vegas, Nevada. Winslow, Arizona, presents a unique market opportunity for investors and businesses, particularly for those looking to capitalize on the town’s historic Route 66 charm and proximity to national parks.
The Winslow Travelodge by Wyndham is surrounded by a mix of demand drivers, including medical facilities, top local employers, restaurants, retail shopping centers, and state and national parks. Notable businesses and entities include Little Colorado Medical Center, BNSF Railway, Northland Pioneer College, Winslow Indian Health Care Center, Walmart Supercenter, and the tenants of North Park Plaza Shopping Center.
The proposed sale does not include the franchise agreement and any continuing operations as Travelodge Hotels, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Travelodge Hotels, Inc.
Property tours are available by appointment only on 12/4 & 12/11. Please contact the broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- PIP
Property Facts
| Sale Type | Investment | Building Size | 22,537 SF |
| Sale Conditions | Auction Sale | No. Rooms | 72 |
| Property Type | Hospitality | Number of Floors | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1982/2004 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 1.10 AC | Corridor | Exterior |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 22,537 SF |
| No. Rooms | 72 |
| Number of Floors | 2 |
| Year Built/Renovated | 1982/2004 |
| Parking Ratio | 3.33/1,000 SF |
| Corridor | Exterior |
Amenities
- Fitness Centre
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | £77.66 | - |
| Guest Room | 71 | £65.89 | - |
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PROPERTY TAXES
| Parcel Number | 103-25-001G | Improvements Assessment | £155,892 |
| Land Assessment | £4,547 | Total Assessment | £160,439 |
PROPERTY TAXES
Parcel Number
103-25-001G
Land Assessment
£4,547
Improvements Assessment
£155,892
Total Assessment
£160,439
zoning
| Zoning Code | MUNICIPAL |
| MUNICIPAL |
Sale Advisors
Sale Advisors
Jennifer Bergamo, Vice President
(602) 735-5555
Contact
Previously, in the role of Director of Franchise Development West Coast for Marriott International, Ms. Bergamo was responsible for growing Starwood's portfolio for Luxury Collection, Westin, Le Meridien, Tribute Portfolio, Sheraton, aloft, Element and Four Points by Sheraton in the Western U.S. via conversions, adaptive-reuse and new development projects. Jennifer signed the first West Coast Tribute Portfolio opportunities as well as the first Element in Northern California, while doubling the aloft footprint in California and tripling the Element brand portfolio in the West.
Mark Fair, Managing Director, Select Service Division
(404) 271-6410
Contact
Current Responsibilities
Based in Atlanta, Mark Fair is a Managing Director of JLL’s Hotels & Hospitality Group where he manages the national brokerage and financing operations of the Select Service Division while also working closely with the Full Service Division on significant full-service and luxury asset sales in the Southeast U.S.
Experience
Mr. Fair has represented numerous institutional clients such as ING Clarion, OTO Development, Hyatt, Apple REIT, Federal Reserve Bank of NY, Host Marriott, General Electric, IHG, Bank of America and numerous other private clients in the disposition of over 500 hotels totaling in excess of $8 billion. Prior to JLL, he was one of the founding partners of Thompson Calhoun Fair, and a Senior Vice President of Westinghouse Credit Corporation where he directed the $3+ billion hospitality asset management, loan workout and disposition practice.
Positions
Mr. Fair has held senior real estate positions with Days Inns of America and Buckhead America Corporation as well as hotel operation positions with ITT Sheraton.
Education and Affiliations
He earned an MBA from Georgia State University and has lived in Atlanta since 1979.
Based in Atlanta, Mark Fair is a Managing Director of JLL’s Hotels & Hospitality Group where he manages the national brokerage and financing operations of the Select Service Division while also working closely with the Full Service Division on significant full-service and luxury asset sales in the Southeast U.S.
Experience
Mr. Fair has represented numerous institutional clients such as ING Clarion, OTO Development, Hyatt, Apple REIT, Federal Reserve Bank of NY, Host Marriott, General Electric, IHG, Bank of America and numerous other private clients in the disposition of over 500 hotels totaling in excess of $8 billion. Prior to JLL, he was one of the founding partners of Thompson Calhoun Fair, and a Senior Vice President of Westinghouse Credit Corporation where he directed the $3+ billion hospitality asset management, loan workout and disposition practice.
Positions
Mr. Fair has held senior real estate positions with Days Inns of America and Buckhead America Corporation as well as hotel operation positions with ITT Sheraton.
Education and Affiliations
He earned an MBA from Georgia State University and has lived in Atlanta since 1979.
Al Calhoun, Vice Chairman
(404) 579-7874
Contact
Al Calhoun is Vice Chairman of the CBRE Hotels’ Institutional Group based in Atlanta. He partners with Mark Fair specializing in Select Service Portfolio investment sales in the United States. Since 2005, they have sold 96 portfolios that total over 108,000 rooms with an aggregate value of $12.9 billion. The portfolios range in quality from economy, extended stay hotels to urban, upscale, midrise hotels. Part of their success has been their ability to finance the acquisitions of over 40% of these portfolio transactions.
Al holds a Bachelor of Science degree from Georgia State University’s Cecil B. Day School of Hospitality Administration where he graduated Magna Cum Laude. He also holds the prestigious CCIM designation and is a frequent presenter at hotel industry conferences. Before joining CBRE, Al was a Senior Managing Director at JLL for 15 years. Al was also a founding partner in Thompson Calhoun Fair, which was sold to JLL in 2005. Al was a Senior Vice President with Hodges Ward Elliott, specializing in select service sales for nine years.r or occupier of space.
Al holds a Bachelor of Science degree from Georgia State University’s Cecil B. Day School of Hospitality Administration where he graduated Magna Cum Laude. He also holds the prestigious CCIM designation and is a frequent presenter at hotel industry conferences. Before joining CBRE, Al was a Senior Managing Director at JLL for 15 years. Al was also a founding partner in Thompson Calhoun Fair, which was sold to JLL in 2005. Al was a Senior Vice President with Hodges Ward Elliott, specializing in select service sales for nine years.r or occupier of space.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr LC66291000
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Jennifer Bergamo -
Mark Fair -
Power Broker Al Calhoun -
CBRE, Inc.
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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