Executive Summary. Willcox Inn 921 N. Bisbee Ave, Willcox, AZ Rooms

Transcription

1 Executive Summary Willcox Inn 921 N. Bisbee Ave, Willcox, AZ Rooms

2 Table of Contents: Property Information Location Information Property Pictures Property Information OFFERING SUMMARY: No. Rooms 96 Building Size 24,000 SF Property Type Hospitality Property Sub-Type Motel Sale Type Investment No. Stories 2 Year Built 1983 Corridor Exterior Los Size 2.45 AC Building Class C

3 Description: Willcox Inn in Willcox, Arizona is a 2 story, exterior corridor hotel with 96 guest rooms that was built in The property currently under new management and have made improvements. The property does include a Manager s quarters with two bedrooms, a full kitchen, laundry and a living room. The property is priced far below replacement cost and conveniently located in Southern Arizona on the busy Interstate 10, which runs across Southern United States, from California to Florida. Property Highlights: Motivated Seller Highway I-10 Exposure Huge Parking Lot Location Information: About Willcox Arizona

4 Willcox is a city in Cochise County, Arizona, United States. Originally known as "Maley", the town was founded in 1880 as a whistle stop on the Southern Pacific Railroad. It was renamed in honor of a visit by General Orlando B. Willcox in In the early 20th century, Willcox had the distinction of being a national leader in cattle production. Agriculture remains important to the local economy, but Interstate 10 has replaced the railroad as the major transportation link, and much of the economy is now tied to the highway, which runs immediately north of the town. Willcox is the birthplace of Rex Allen, known as "The Arizona Cowboy", who wrote and recorded many songs, starred in several Westerns during the early 1950s and in the syndicated television series Frontier Doctor ( ). Willcox was among the locations of 26 Men ( ), another syndicated series that depicted true stories of the Arizona Rangers starring Tristram Coffin and Kelo Henderson. Parts of the 1993 American neo-noir film Red Rock West starring Nicolas Cage, Lara Flynn Boyle, J. T. Walsh and Dennis Hopper were filmed in Willcox, AZ. Willcox Wine Country Willcox is home to Arizona's upcoming wine country. Grape varietals grown include Petit Sirah, Malvasia Bianca, Sangiovese, Chenin Blanc, Syrah, Colom bard, Sauvignon Blanc, Corvina, Merlot, Malbec, Tannat, Cabernet Franc, Chardonnay, Tempranillo, Cabernet Sauvignon and Mourvedre. The Willcox wine region produces 74% of the wine grapes grown in the state of Arizona. Nearby Attractions Fort Bowie Histroic Site Chiricahua National Monument Chiricahua Regional Museum Rex Allen Museum & Cowboy Hall of Fame Cochise Stronghold Kartchner Caverns Amerind Museum/Foundation Tomstone OK Corral Nearest Major City Tucson, AZ 85 Miles Phoenix AZ 195 Miles Nearest Major Airport Tucson International Airport 77.4 Miles

5 Phoenix Sky Harbor International Airport 191 Miles Businesses Nearby: Ace hardware Store Safeway Northern Cochise Community Hospital Sierra Lumber TA Truck Stop Inde Motorsports Ranch Nature Sweet Tomatoes Farms Valley TeleComm Group Apple Annie s Country Store Carlson Creek Vineyard Coronado Vineyard Zaprpara Vineyard Daily Traffic Count on I-10: (14350)

6 Weather: Hospitals and medical centers in Willcox: CHARLES W LEIGHTON, JR HOSPICE (524 WEST MALEY PLACE) NORTHERN COCHISE COMMUNITY HOSPITAL (Government - Hospital District or Authority, provides emergency services, 901 WEST REX ALLEN DRIVE) NORTHERN COCHISE NURSING HOME (901 WEST REX ALLEN DRIVE) Political contributions by individuals in Willcox, AZ Airports and heliports located in Willcox: Airports and heliports located in Willcox: Cochise County Airport (P33) (Runways: 1, Itinerant Ops: 7,500, Local Ops: 500, Military Ops: 500) Ammon Airport (AZ14) (Runways: 1) Inde Motorsports Ranch Airport (93AZ) (Runways: 1) Leroy Airport (4AZ9) (Runways: 1) Northern Cochise Community Hospital Heliport (AZ16)

7 Colleges/universities with over 2000 students nearest to Willcox: Eastern Arizona College (about 41 miles; Thatcher, AZ; Full-time enrollment: 3,810) Pima Community College (about 62 miles; Tucson, AZ; FT enrollment: 18,794) Cochise College (about 63 miles; Douglas, AZ; FT enrollment: 8,597) Pima Medical Institute-Tucson (about 64 miles; Tucson, AZ; FT enrollment: 2,357) University of Arizona (about 66 miles; Tucson, AZ; FT enrollment: 36,324) Western New Mexico University (about 98 miles; Silver City, NM; FT enrollment: 2,456) Central Arizona College (about 117 miles; Coolidge, AZ; FT enrollment: 4,893) STR Report: April 22, April 28, 2018 Occupancy Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total % Chg % Chg % Chg % Chg % Chg % Chg % Chg % Chg My Property 5.2% % % % % % % % Comp Set 27.8% % % % % % % % Index (MPI) ADR My Property Comp Set Index (ARI) RevPAR My Property Comp Set Index (RGI) Property have only 25% Market share. New Owner can take it to the new level with minimum efforts.

8 April 2018: Competitor performed at $19.01 Revenue Per Available Room Running 28 Days (by Day of Week) Occupancy Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total % Chg % Chg % Chg % Chg % Chg % Chg % Chg % Chg My Property 6.5% % % % % % % % Comp Set 23.6% % % % % % % % Index (MPI) ADR My Property Comp Set Index (ARI) RevPAR My Property Comp Set Index (RGI) Under $7,000 per room will not last long