Hilton Phoenix Resort
CBRE Hotels exclusively represents the owner in the disposition ofÊthe 432 suite Hilton Phoenix Resort at the Peak. NestledÊin the slopes of the Phoenix Mountains Preserve, this offering is an exceptionalÊopportunity to acquire an irreplaceable all suite resort asset on a sprawling 20-acre site with various value-add opportunities at a fraction of replacement cost.ÊThe resort includes over 50,000 square feet of versatile event space, a health club/spa and four pools, as well the four-acre River Ranch Water Park.
The Hilton Phoenix Resort at the Peak is one of Phoenix’s most iconic resortÊproperties, located near downtown Phoenix and Scottsdale and 15 minutes fromÊSky Harbor International Airport. Located less than 4 miles from the Biltmore areaÊof Phoenix, including the upscale Biltmore Fashion Park, the resort benefits from aÊlocation that is very convenient to area amenities.
The Hilton Phoenix Resort at the Peak has benefited from faithful stewardship,Êwith investments of over $3.75 million in the last three years primarily focused onÊbuilding systems and back-of-house areas. Upon transfer of ownership, additionalÊcapital invested into guest facing areas will continue to elevate the resort’s positionÊamong its competition, while yielding stronger RevPAR performance from a newlyÊrenovated/repositioned product.
The hotel benefits from being in one of the strongest lodging investment marketsÊin the nation. The Phoenix Metro experienced 10 straight years of demand growth,Êwith a 5.5% RevPAR CAGR during the last cycle. Phoenix MSA RevPAR performanceÊfor 2022 and into 2023 is expected to surpass 2019, with 2023 outperformingÊ2019 by 26%.
- Irreplaceable Real Estate
- Sizable Revenue and Profit Growth with Renovation
- Multiple Value Add Opportunities
- Unique Leisure Amenities
- Leading Brand In Place
- Significant Discount to Replacement Cost
- High Barriers to Entry for Similar Sized Asset
- Vibrant, Top 25 MSA Location
- Group Business Continues to Recover
- Unencumbered by Management
- Option to Purchase Adjacent Parcel with Entitled 104-Unit Multifamily Redevelopment
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