Investment Summary
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CHANDLER HOTEL PORTFOLIO
Property Type Hospitality
Location Chandler, AZ
Loan Type Mezzanine Loan
Loan Purpose Acquisition Financing
Closing Date April 2014
The Chandler Hotel Portfolio consists of a 153-key, limited service Hampton Inn & Suites hotel and a 133-key, extended stay Homewood Suites, both constructed in 2009. Located in the Southeast Phoenix suburb of Chandler, the hotels have combined over 300 SF of meeting space, an outdoor pool and are located proximate to the Chandler Fashion Center, the second largest mall in the state. The properties are near the Silicon Desert area of Chandler, where Intel has an established campus with semiconductor manufacturing facilities.