HSL Properties has acquired a hotel portfolio sale comprising a 180-room Sheraton and 129-room Courtyard by Marriott hotels in Mesa, Ariz., for a combined $50.25 million. The portfolio also includes 15,000 square feet of retail spaces, a commercial laundry facility, a full spa, and 18,000 square feet of meeting spaces, including an 11,000-square-foot ballroom.
Cushman & Wakefield brokered the portfolio hotel sale. The seller, Power Hotel Group, was represented by Cushman & Wakefield’s Western Hospitality Advisory Group in Phoenix.
The hotels have immediate access to both Loop 101 and Loop 202. They also are adjacent to Sloan Park, spring-training home of the Chicago Cubs and 10 minutes from Phoenix Sky Harbor International Airport. The hotels also provide quick access to Arizona State University, Tempe Town Lake, Tempe Marketplace, Banner Desert Medical Center and Old Town Scottsdale.
