PHC Hotel Advisors Senior Associate, Chris Rapacz arranges sale of a notable local landmark

PHOENIX, AZ - May 02, 2022 – PHC Hotel Advisors, a national real estate brokerage firm specializing in the purchase and sale of hotel and lodging properties, announced the sale of the Majestic Mountain Inn Payson, Arizona. The property boasts an excellent location within the Payson submarket, located right off Highway 260 in the heart of Payson. The hotel boasts a unique layout and luscious landscaping outside of what would traditionally be expected from a 50 key hotel.

Through the purchase of the Majestic Mountain Inn, the investor seeks to make a statement in the Arizona hospitality industry via a comprehensive management strategy. . This latest move is part of a wider strategy in the Arizona MSA, in which they plan to reinvigorate aging product and highlighting the unique features of the properties.  Through rigorous operational standards, notable aesthetic improvement, and the leveraging of new tech, this investor seeks to maximize the potential of the asset. The investor seeks to open up their hospitality management services to the public in the coming years.  “Historically Payson and the surrounding area’s have escaped the imaginations of the standard traveler let alone potential investors. As Arizona grows, we have seen a steady increase in the traffic flow through Payson. To see a hotel in Payson sell above $100,000 per a key with supporting KPI’s, is exiting and I feel is reflective of opportunity Northern Arizona brings to the table.”

Rapacz has been involved in several other notable, large-scale transactions in third quarter of 2022, with more following suit.

About Pro Hospitality Group

Pro Hospitality Group (PHG), focused exclusively on the hotel and lodging industry, offers a suite of services specializing in hotel brokerage, investment and ownership, advisory and receivership services, and hotel financing. PHG was established in 2015 by CEO, Alexandre Rizk, a 17-year veteran of the industry, and currently has an office in the heart of downtown Phoenix, Arizona.