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La Quinta Inns & Suites Mesa Superstition Springs – Image Credit CBRE
The La Quinta Inns & Suites Mesa Superstition Springs, a corporate-owned property located in Mesa, Arizona, has been put up for sale by CBRE Hotels, offering investors a prime opportunity in a rapidly growing city.
CBRE Hotels has announced the listing of the La Quinta Inns & Suites Mesa Superstition Springs for sale. The corporate-owned property, located off exit 187 on Highway 60/Superstition Freeway in Mesa, Arizona, presents an attractive investment opportunity thanks to its prime location and significant potential for management upside.
The 107-room, six-story La Quinta Inns & Suites hotel is just minutes away from the Phoenix-Mesa Gateway Airport, the Superstition Springs Center, and multiple golf courses, enhancing its appeal to both corporate and leisure segments. Thanks to its strategic location, the property enjoys convenient access to multiple hotel demand generators.
One of the key investment highlights of this property is its renovation status. No Property Improvement Plan (PIP) is required for new ownership until January 2026. Wyndham, the franchise holder, may provide the new PIP in January 2026, and the franchisee is given two years to complete it.
The La Quinta will be delivered unencumbered by management, presenting a significant potential upside for a more hands-on operator. The current operator’s national scale and significant allocation for corporate overhead suggest that more focused revenue management strategies and a reduction in corporate-allocated expenses could yield improved financial outcomes.
Mesa, the third-largest city in Arizona, is a thriving hub for business and tourism. The city’s diverse economy is driven by a range of industries, including aerospace, healthcare, and technology. In 2023, the city generated $748.6 million in visitor spending. Its strategic location near Phoenix and major transportation hubs positions Mesa as a dynamic and rapidly growing city, enhancing the appeal of the La Quinta Inns & Suites as an investment.
The listing of the La Quinta Inns & Suites Mesa Superstition Springs by CBRE Hotels provides a prime opportunity for investors seeking a property in a key location with a robust economy and a thriving tourism sector. Its corporate ownership, the potential for management upside, and the lack of a PIP requirement until 2026 further enhance this property’s appeal as a worthwhile investment.
The sale of the corporate-owned La Quinta Inns & Suites in Mesa, Arizona, presents a unique and valuable opportunity for potential investors. Its strategic location and the city’s growing economy and tourism sector make it a particularly attractive property for those looking to expand their portfolio in the hospitality industry.
Inquire at CBRE.
