New Extended Stay Brand, Officially Launched in May 2015, Grows to 25 Hotels in U.S.

Newton, MA-based Sonesta International Hotels Corporation, parent company for its Sonesta ES Suites brand purchased recently nine new extended stay hotels. Sonesta ES Suitest extended stay brand for Sonesta, officially launched in May 2015. The original announcement included details of the over $250 million investment made in upgrades and redesigns to the U.S. extended stay and full service collection.

With the addition of these new locations, Sonesta ES Suites expands its footprint from 16 to 25 hotels nationwide. Travelers will now find Sonesta ES Suites in: Tucson, AZ; Colorado Springs, CO; Minneapolis-St. Paul, MN; Omaha, NE; Princeton/Monmouth Junction, NJ; Somers Point, NJ; Cincinnati, OH; Oklahoma City, OK and Burlington, VT.

The Tucson property was formerly a Residence Inn at 6477 E Speedway Blvd. in Tucson and commanded a $5.5 million sale price ($43,000 per room) for the 128-suite hotel on 3.8 acres east of Wilmot and El Dorado Place on Speedway. Banners went up on the building July 23rd to officially rebrand the property. Remodeling is scheduled for later next Spring.

This is the second Arizona hotel property for Sonesta ES Suites, the first being in Flagstaff. Earlier this month, Sonesta also celebrated the grand opening of the full-service Sonesta Bee Cave Austin, a new build hotel in greater Austin, TX.

Sonesta ES Suites is a surprisingly different take on extended stay hotels. Designed to be flexible to cater to the diverse needs of guests, each of the residence-style hotels feature oversized accommodations, adaptable work areas and common spaces, and a friendly, attentive staff that aim to make guests feel relaxed and comfortable.

From studios to roomy one- and two-bedroom units, Sonesta ES Suites provide an ideal amount of space and versatility for business travelers, families on vacation, or guests relocating for extended periods of time. Each suite is fitted with a fully equipped kitchen, helping guests to manage budgets while separate bedrooms and living spaces offer privacy and space to relax and recharge. From free daily breakfast, unexpected treats and social gatherings to celebrating the unique culture and flavor of the local community, guests of Sonesta ES Suites enjoy a distinctive experience along with the warm and welcoming feeling of employees who care.

“This is a big day for Sonesta,” said Carlos Flores, President & Chief Executive Officer of Sonesta International Hotels Corporation. “We’re very excited about the growth of our new extended stay brand Sonesta ES Suites as well as our U.S. collection as a whole, which has increased to 35 hotels nationwide. We look forward to continuing to deliver our authentic hospitality to our guests, with now even more exciting destinations for past and first-time visitors to choose from.”

Sonesta is thoughtfully adding new hotels each year, taking great consideration to expand on the collection without compromising its commitment to authenticity and genuine hospitality. For more information about each property and new destination visit Sonesta.com/growth.

With this announcement, Sonesta ES Suites can now be found in 18 U.S. States.

Judd Property, an affiliate of the Hagger Group of Canoga Park, CA (Chad Hagger, principal) purchased A-Access Self Storage at 4070 E 29^th Street in Tucson for $1.9 million ($7,983 per unit).

The 31,415-square-foot self-storage facility with 238 units located sits on 2.75 acres, allowing room for expansion. A well-established Budget Truck rental business was also included in the transaction.

Located just off I-10 near the University of Arizona. The property was reported to be 85-90% occupied at time of sale with growing rental rates and stable financials. The buyer owns other self-storage businesses and has plans for expansion into semi-fixed and portable storage.

Michael Brazill and Roger Jeffries with Sun Commercial Real Estate in Las Vegas and Paul Miachika with Sun Commercial in Phoenix handled the transaction for the seller, A-Access Self Storage, LLC of Tucson (DR McMillin, manager) and the buyer.

To learn more Brazill can be reached at 702.968.7306, Jeffries at 702.968.7334 and Miachika can be called at 602.814.0661.

For additional information see RED Comp #3140.

Sunbelt Holdings (Bob Bambauer, Vice-President) bought 401 platted and engineered lots in Sycamore Canyon Phase II for $3.3 million ($8,229 per lot). Nestled near the base of the Santa Rita Mountains, Sycamore Canyon is a remarkable master-planned community offering a perfect blend of solitude, natural beauty, and convenience in the Vail School District. The 401-lots consists of (150) 70 ft., (87) 80 ft. lots and the balance ranging from 10,000-square-feet to under half acre estate lots located in southeast Tucson, west of Houghton Road and south of Sahuarita Road at Harrison.

The seller and developer, PSP Ventures LLC, an affiliate The Remington Group of Tucson (Jamie Argueta, manager) donated approximately a 5.5 acre site, at the end of Sycamore Canyon Road, to the Vail School District for construction of a new K thru 5 elementary school that is scheduled to break ground this September for a 2016 opening.

One of the distinguishing characteristics of the Vail School District is the positive relationship that exists between the school district and its surrounding community. Local businesses, government officials, and non-profit organizations often step to the plate with assistance.

The Remington Group will continue to maintain the Sycamore Canyon Conservation Foundation committed to the conservation, protection and appreciation of the Sycamore Canyon Preserve’s 1,100 acres of natural open space. Under the stewardship of the Foundation, residents are assured that the land will never be modified, changed or infringed upon.

The Sycamore Canyon HOA and Southwest Regional Water for the project will also stay in the charge of the seller.

Sycamore Canyon already consists of several diverse neighborhoods, each with a distinctive character of its own. At the heart is the Village Center. It offers areas for active recreation, walking, and public gatherings, and features higher-density residential housing. Flowing outward are the Rural Residential neighborhoods, followed by the spacious Village Estates.

Three home builders have been active in Sycamore Canyon, Richmond American, Sombra Homes and Pepper Viner offer a variety of homes within the Sycamore Canyon Phase I portion of the community, with architectural themes that reflect the region’s heritage of Spanish, Mission and Southwestern traditions.

To foster a feeling of community, there are bike paths and pedestrian walkways following quiet, tree-lined neighborhood streets. Peaceful trails and pathways meander through the abundant open spaces. Trails are also planned accordingly from new home site in Sycamore Canyon II to the new school.

To learn more see RED Comp #3126 and #2359.