Knights Inn Sierra Vista — Sale in Sierra Vista, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Sierra Vista, AZ 85635

Photos

Knights Inn Sierra Vista — Sale in Sierra Vista, AZ, photo 1 of 3
Knights Inn Sierra Vista — Sale in Sierra Vista, AZ, photo 2 of 3
Knights Inn Sierra Vista — Sale in Sierra Vista, AZ, photo 3 of 3

Investment Figures

Cap rate
5.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Knights Inn Sierra Vista, a 92-key hotel on East Fry Boulevard, the commercial spine of Sierra Vista, Arizona, offered at $2,600,000. The property sits five miles from Fort Huachuca, which covers more than 70,000 acres and features extensive airspace alongside electronic testing ranges. The hotel owner/seller was owner operating until Q3 of 2025 when they stepped away. A new owner has significant upside in rate management, sales & marketing, along with a conversion opportunity to Days Inn by Wyndham. Days Inn benefits from a nationally recognized rewards and reservation platform, which provides significant direct contribution. Current bookings are primarily derived from OTAs, where Wyndham brings business through the reservation system and eliminates additional OTA fees, and a much-needed positive impact to occupancy. Investment Highlights: • BASIS 22% BELOW THE SIERRA VISTA COMPARABLES -$28,261 per key against a $36,266 average across seven Sierra Vista hotel sales, and below five of the seven individually • REVPAR UPSIDE - 41% RevPAR index against similar hotels in the Sierra Vista submarket, providing opportunity for a new owner to improve revenue. • PROVEN HISTORIC CASHFLOW - 2024 topline revenue of over $1M paired with a $394,000 NOI. The owner/seller stepped away in 2025, causing a significant loss in revenues beyond the market. • CONVERSION OPPORTUNITY - The Knights Inn Sierra Vista offers various conversion opportunities with one of the most notable being Days Inn by Wyndham. New televisions, nightstands and desks in 2023; lamps, microwaves, refrigerators, freezers and desk chairs in 2024, leaving a minimal PIP for a Buyer if they pursue a conversion. Potential key money offered to a Buyer. • EIGHT SUITES ADDED IN 2024 - Eight suites created in 2024 give the hotel an extended-stay product for contractor and monthly demand it could not serve before, alongside guest laundry and a lobby marketplace added the same ye

Market Context

This hospitality in Sierra Vista, AZ is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing hospitality assets. Compare it against other hospitality listings for sale in Sierra Vista, AZ — view the full market.

Contact

Explore this market

Similar Hospitality Business for Sale in Arizona