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Windsor Inn 451 London Bridge Rd

64 Room Hotel Lake Havasu City, AZ 86403 £2,761,500 (£43,148/Room) 11.69% Net Initial Yield

Investment Highlights

  • Since the owner’s acquisition, significant investments have been made, including new furniture, AC Units, and vinyl flooring.
  • A new operator could improve the current operations by completing the renovations and improving the local comp set penetration.
  • An existing operator in the STR Market can scale their existing management network and sales team to improve upon the Running 12 Month RevPAR.
  • Lake Havasu generates significant demand from California and Arizona travelers who take advantage of the scenic area and aquatic activities.
  • The property is currently absentee operated.
  • No New Supply in Pipeline

Executive Summary

Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251

Property Facts

Price £2,761,500
Price Per Room £43,148
Sale Type Investment
Net Initial Yield 11.69%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.18 AC
Building Size 19,726 SF
No. Rooms 64
Number of Floors 2
Year Built 1970
Parking Ratio 3.14/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 64 £47.34 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 107-01-022
  • 107-01-018
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£214,748

zoning

Zoning Code C-2 (General Commercial)
C-2 (General Commercial)
  • Listing ID: 33718809

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 451 London Bridge Rd, Lake Havasu City, AZ 86403

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