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Real Estate
Scottsdale hotel sells to Texas group
Posted
Cushman and Wakefield advised the sale of the Residence Inn by Marriott on Scottsdale Road, the company announced.
The hotel — located at 17011 N Scottsdale Road — was sold for an undisclosed price to Summit Hotel Properties of Austin, the company said.
The property was built in 2002 and renovated in 2018.
Bill Murney of Cushman and Wakefield represented the seller in the deal.
"This is a strong, modern branded hotel asset very well located in the heart of north Scottsdale’s premier dining, shopping and business district,” Murney said. ”The Residence Inn by Marriott property adds to the buyer’s (hospitality portfolio) — which also includes a Courtyard by Marriott hotel and SpringHill Suites by Marriott hotel that are both located across the street."
Residence Inn by Marriott features an outdoor pool, 24-hour fitness center, and on-site parking.
