The Prescottonian

1317 E Gurley St

Prescott, AZ

A Prescott, Arizona landmark, the Prescottonian hotel is known for personalized service, great value and an unbeatable location.

This property is an off market deal. The underlying fundamentals of the area, the cashflow, and the market are ideal. The hotel market in general suffered severly from covid shutdowns. This property was put under contract at the lowest point of the hotel market cycle (the first time in 10 years that the market declined), at a very strong double digit cap rate. As the market rebounds, we expect to make high amounts of appreciation, while receiving good cashflows.

Key Points

Detail126 Rooms

CoC Yield 21.38%
Return/year N/A
Equity Mltpl N/A
Cost $11.6M

Investment Summary

Down Payment$3,861,000.00
Purchase price$11,600,000
Total cost$11,721,000.00
CoC Return21.38%
*Recent purchase (closed July 2022)

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