Hampton Inn & Suites Talking Stick
SCOTTSDALE | ARIZONA
ABOUT THE ASSET
Caliber’s second hospitality acquisition, the Hampton Inn & Suites Scottsdale Riverwalk, is a 101-guest room hotel acquired by Caliber in November of 2014 for $10,425,000. The Hampton Inn & Suites has been a consistent income producing asset since Caliber-HMC acquired and took over management of the hotel. Part of the hotels success is a result of it’s unbeatable location in the North Scottsdale Entertainment District. The hotel sits adjacent to Talking Stick Resort Casino, TopGolf, OdySea Aquarium, Butterfly Wonderland, and Salt River Fields – the Spring training home of both the Arizona Diamondbacks and the Colorado Rockies. In the year prior to Caliber’s acquisition, the property produced a net operating income of $850,000, at year end of 2017 net operating income of the asset was up to $910,619, a 22.4% margin.