Property Overview

The Lexington Hotel & Suites is a 104-room, full service hotel built in 2005, situated on nearly 3 acres of prime downtown land. The facility boasts a restaurant, lounge and banquet rooms. There was major renovation completed in 2015. The hotel overlooks the world’s tallest man-made fountain, located within one of Arizona’s wealthiest zip code areas. The hotel is adjacent to two luxury retirement projects and an ultra modern, luxury apartment/condo complex with retail spaces currently under development - all of which should increase the property’s occupancy and value. In addition, there is a great deal of residential construction in town to further enhance the hotel’s market base. Hotel amenities include: WiFi, individual AC room units, meeting space, restaurant on premises, restaurants nearby, all non-smoking rooms, fitness room, outdoor pool, whirlpool, guest laundry services and a 24-hour front desk/lobby.

Property Highlights

Asking Price$9,500,000
LocationN. Saguaro Boulevard, 20 minutes North of Scottsdale
Property DescriptionOther
Number of Rooms104
Major Source of BusinessHealthcare, Higher Education, Military, Commercial & Leisure
Site Size+/- 3.29 Acres Land
Year Built 2005
Last Year Renovated 2015
Common Area AmenitiesLobby, Fitness Room, Outdoor Pool/Jacuzzi, Business Center, Vending, Coin Laundry & 24-Hour Sundry Shop