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Upscale Cambria Hotel: Nationally branded, select-service hotel with premium amenities including a rooftop bar and restaurant.
High-Growth Market: Located in Mesa, Arizona, one of the fastest-growing cities in the U.S. and within the Mesa Tech Corridor.
Strong Demand Drivers: Proximity to Mesa Tech Corridor (Meta, Google, Apple data centers), Arizona Athletic Grounds, and Phoenix-Mesa Gateway Airport.
Permit Ready & Shovel Ready: Entitlements and construction plan approvals secured; groundbreaking targeted for May 2025.
Experienced Management: Managed by Aspect Hospitality Group and O'Reilly Hospitality Management, with proven expertise in hotel development and operations.
Projected Returns: Target IRR exceeding 23.2% and average annual cash-on-cash yield of 19%.
Attractive Distribution Policy: Quarterly distributions and return of capital upon sale or refinance with a preferred return for investors.

Mesa, Arizona, is a rapidly growing city with strong demand drivers for hospitality:

Mesa Tech Corridor: Home to major data centers for Apple, Meta, Google, Amazon, and other tech companies, driving business travel.
Arizona Athletic Grounds: A 320-acre sports complex hosting major youth and amateur sports tournaments, generating significant tourism.
Phoenix-Mesa Gateway Airport: Growing airport with increasing passenger traffic and economic impact, facilitating travel to Mesa.
Healthcare & Bioscience: Arizona's bioscience sector is rapidly expanding, with Mesa hosting major hospitals and healthcare facilities.
Aerospace & Defense: Strong aerospace manufacturing presence in Mesa, contributing to local employment and business travel.
Tourism & Events: Mesa is a popular tourist destination with attractions like Mesa Arts Center and MLB Spring Training, boosting hotel demand.
Educational Institutions: Presence of ASU Polytechnic Campus, Mesa Community College, and other institutions attract visitors and support the local economy.

Project Details

Hotel Brand: Cambria Hotels (Choice Hotels International)
Rooms: 107 Keys
Stories: 4 (plus rooftop)
Room Size: 300 SF to 480 SF
Building Area: 60,979 SF
Land Area: 2.1 Acres
Location: 3457 S. Ellsworth Road, Mesa, AZ 85212 (Mesa Tech Corridor)
Amenities: Rooftop bar & restaurant (3,400 SF), full-service lobby bar (2,000 SF), outdoor pool (2,500 SF), fitness center, meeting room (500 SF), general store, guest laundry, outdoor patio with fireplace.
Parking: Surface parking with 107+ spaces

Cambria Hotels, by Choice Hotels International, is an upscale brand focused on guest satisfaction and localized experiences:

Upscale Select-Service: Offers a premium guest experience with modern design and curated amenities.
High Guest Satisfaction: Ranked #1 in Guest Satisfaction among upscale hotel brands by J.D. Power in 2023.
Strategic Expansion: Rapidly expanding brand with new properties opening across top US markets.
Localized Design: Each Cambria Hotel is designed to reflect the local culture and environment.
Choice Hotels Backing: Benefits from the strong franchise system and resources of Choice Hotels International, a leading hospitality company.
Strong Performance: Select-service hotels like Cambria historically perform well in various economic cycles.

The Cambria Hotel Mesa is strategically located within East Gate Plaza in the Mesa Tech Corridor, offering exceptional access and visibility:

Mesa Tech Corridor Location: Situated in a hub of economic activity with major tech companies like Apple, Meta, and Google nearby.
East Gate Plaza: Part of a 17-acre mixed-use retail center, ensuring built-in demand and amenities (Starbucks, Farmer Boys, etc.).
Arizona Athletic Grounds Proximity: 8-minute drive to a major sports and entertainment complex, driving significant visitor traffic.
Transportation Access: Close to Phoenix-Mesa Gateway Airport and major freeways, facilitating travel and accessibility.
Growing East Valley: Located in Mesa's rapidly expanding East Valley, experiencing growth across residential, commercial, and industrial sectors.
Local Amenities: Near shopping, dining, breweries, and outdoor attractions in Mesa and the surrounding area.

Invest in the Cambria Hotel Mesa for compelling reasons:

High Return Potential: Target IRR of 23.2% and 19% cash-on-cash yield provide strong return prospects.
Strategic Location: Mesa Tech Corridor and East Gate Plaza location ensures high demand and growth potential.
Experienced Team: Aspect Hospitality Group and OHM bring proven expertise in development and hotel operations.
Permit Ready Project: Reduces development risk with secured entitlements and approvals.
Upscale Branded Asset: Cambria Hotels' strong brand and guest satisfaction enhance long-term value.
Favorable Market Timing: Mesa's underserved hotel market and growing demand create an opportune investment window.
Portfolio Diversification: Hotel investments offer unique benefits and diversification within a real estate portfolio.