James Meng

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Phoenix Group Finalizes $20 Million Sale-Leaseback of Four Goodyear Hotels

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Transaction is Example of Nationwide Trend of Sale-Leaseback Deals Phoenix, Arizona –  Byrd Hotel Group has finalized a $20 million sale-leaseback transaction involving four hotel properties in Goodyear.  The deal with KawaCapital Management of Florida is an example of the growing sale-leaseback trend in the industry, allowing owners to monetize properties while continuing to operate […]

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Comfort Suites in Old Town Scottsdale Sells for $7.25 Million

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Local Investor Purchases Property with Plans to Improve Operations in Dynamic Market Phoenix, Arizona – A private investor in Scottsdale has purchased the Comfort Suites Old Town Scottsdale at 3275 N. Drinkwater Blvd. for $7.25 million ($120,833 per key). The investor, who specializes in hospitality properties, plans to update the operations of the hotel and

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Local Buyer Purchases $8.5 Million Staybridge Suites at Tucson Airport

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Off-Market Transaction Posts First Time the Property Has Been Sold Phoenix, Arizona – The Staybridge Suites Tucson Airport has been sold for $8.5 million ($87,629 per room) to a local investor.  The extended stay hotel has never been sold before and the transaction was an off-market deal. James Meng and Jon Grantham of Colliers International

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