35 Hozoni Drive, Sedona, AZ 86336
$7,880,000
Property Type: Comm/Industry Sale Square Footage: 20,876 Lot Size (sq. ft.): 48,787 Status: Closed
Current Price: $7,880,000 List Date: 5/15/2018 Last Modified: 1/07/2025
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.
More Information MLS# 5766433
Contract Info
Ownership: Fee Simple Current Price: $7,880,000 Sold Price: $7,880,000 Status: Closed List Date: 2018-04-20
Location, Tax & Legal
Assessor's Map #: 24 Legal Description (Abbrev): AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254 Assessor's Parcel #: 492 Assessor Parcel Ltr: F Add'l Parcels: No Tax Municipality: Sedona Census Tract: 1802 Taxes: 40589 Legal: AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254 Marketing Name: Adobe Grand Villas 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 Uncvrd Parking Spcs: 20 Year Built: 2001 Zoning: Lodging
Legal Info
Range: 05E Section: 11 Township: 17N Lot Number: F
Construction
Stucco: 1 Wood Frame: 1
Roofing
Tile: 1
Floors
Concrete: 1 Wood: 1 Carpet: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 40589 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Building Type
Commercial: 1 Other (See Remarks): 1
Business Type
Other: 1 See Remarks: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 6.58 Down Payment: 0 Equity: 8750000 Total Owed: 0 Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1 Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1 Smoke Detector(s): 1 Security Light(s): 1 Private Restrooms: 1 Public Restrooms: 1
Loading Facilities
None: 1
Exterior
Sprinkler System-Ground: 1 Landscaping: 1 Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Electric
City Electric: 1 Master Meter: 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1 Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume-No Qualify: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1 ALTA Survey Availbl: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 45000 Seller Concession $/%: $
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
Income Expenses
Net Operating Income: 575750
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
Listing Office: United CountryReal Estate-Arizona Property & Auction
Last Updated: January - 07 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.