Moonstar Hospitality LLC, based in Salt Lake City, has acquired the 107-room Fairfield Inn & Suites by Marriott hotel in Midtown Phoenix for $18 million. The hotel, located at 2520 North Central Avenue, offers a convenient and comfortable stay for guests visiting the vibrant city of Phoenix. With a total of 107 rooms, the Fairfield Inn & Suites by Marriott provides ample accommodation options for visitors. The sale price of $18 million indicates the value placed on this well-appointed hotel property.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Keys: 107
• Price per Key (PPK): $168,224
• Address: 2520 North Central Avenue
• Market: Phoenix, AZ

The buyer, Moonstar Hospitality LLC, led by their team in Salt Lake City, recognized the potential and value of the Fairfield Inn & Suites by Marriott in Midtown Phoenix. The acquisition was facilitated by Greg Merage of MIG Real Estate, who acted as the seller. The transaction was carried out with the assistance of Bill Murney from Cushman & Wakefield, who represented the buyer's interests. This successful deal showcases the collaboration between these experienced real estate professionals, resulting in the acquisition of the Fairfield Inn & Suites by Marriott hotel.