ADDRESS
Golden Inn (Former Econo Lodge) - Arizona
Arizona, Holbrook, AZ 86025
LISTING TYPE
Closed
Limited-Service
PRICE
Sold
PROPERTY ATTRIBUTES
- Status
- Closed
- City
- Holbrook
- State
- AZ
- Zip
- 86025
- Type
- Limited-Service
- Keys
- 60
- Corridor (Interior/Exterior)
- Exterior
- Stories
- 2
PROPERTY DESCRIPTION
PHC Hotel Advisors represented ownership on the disposition of the Golden Inn, a two-story exterior-corridor limited-service hotel formerly operating as an Econo Lodge before losing its flag under prior management. The property offered the buyer an exceptional value-add and reflagging opportunity: a well-built, well-located box with strong bones, generous parking, and highway visibility - directly comparable in size, key count, and site footprint to the adjacent Quality Inn, which recently traded in the $2.2M-$2.4M range. Historical performance as an Econo Lodge supported a valuation of approximately $1.5M, and even in its current independent state the property produces healthy revenues and a strong cash-on-cash return under proper management. The recommended play is a straightforward flag-and-flip: reflag with a national brand, professionalize operations, and capture the full underwritten upside in a proven drive-in market.
FEATURES
- Two-story exterior-corridor limited-service hotel
- Formerly flagged as Econo Lodge - flag lost under prior management
- Directly comparable box to the adjacent Quality Inn (traded $2.2M-$2.4M)
- Same site footprint, key count, and parking as the neighboring Quality Inn
- Prior Econo Lodge valuation approximately $1.5M - clear reflagging upside
- Value-add / flag-and-flip opportunity - strong bones, professional operations required
- Pro forma and historical operating numbers available under NDA
- PHC available to assist buyer with franchise flagging process
- Closed by Chris Rapacz
- Listed by Alex Rizk, Sold by Chris Rapacz
LOCATION