35 Hozoni Drive, Sedona, AZ 86336 - MLS #5766433

images$7,880,000 images******** Beds

images******** Bath images20,876 sqft images2001

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Description

**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.

Supplements: The hotel rests on pristine desert landscape in southwest Sedona with privacy and views. The hotel runs smoothly and autonomously with a dedicated culinary team, maintenance and housekeeping staff and contracted spa services. Every guest is treated with care. AGV offers investors and/or operators a stabilized cash flow and seasoned staff. This is the Crown Jewel of Sedona.

Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Other; See Remarks
Stories: 2 Stories
Construction: Stucco; Wood Frame
Roofing: Tile
Floors: Concrete; Wood; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s); Security Light(s); Private Restrooms; Public Restrooms
Exterior: Sprinkler System-Ground; Landscaping; Monument Sign
Fencing: Block
Parking Features: Free
Electric: City Electric; Master Meter
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Owner May Carry
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume-No Qualify
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: Unknown
Environmental: None
Contract Info
Current Price: $7,880,000
Sold Price: $7,880,000
Status: Closed
List Date: 2018-04-20
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: C82
House Number: 35
Street Name: Hozoni
St Suffix: Drive
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
Zip4: 3765
County Code: Yavapai
Subdivision: Adobe Grand Villas - a boutique hotel of 16 themed luxury villas.
Assessor Number: 408-24-492-F
Tax Year: 2014
General Property Description
Type of Property: Boutique Hotel
Ttl Apx SqFt Bldg: 20876
# of Buildings: 6
Year Built: 2001
Uncvrd Parking Spcs: 20
Zoning: Lodging
Remarks Misc
Cross Street: From Phoenix: take I-17N to Exit #287 (Route 260)
Directions: Then west 12 miles to Cottonwood, right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance on left.
Geo Lat: 34.864104
Geo Lon: -111.812673
Status Change Info
Off Market Date: 2019-02-22
Under Contract Date: 2018-10-31
Close of Escrow Date: 2019-02-21
Sold Price: $7,880,000
Legal Info
Township: 17N
Range: 05E
Section: 11
Lot Number: F
Income Expenses
Net Operating Income: 575750
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 45000
Seller Concession $/%: $