Holiday Inn & Suites Chandler-Phoenix
CHANDLER | ARIZONA
ABOUT THE ASSET
Acquired in 2018 for $11,600,000, The Holiday Inn Ocotillo is a 106-room hotel situated in the upscale neighborhood of Ocotillo in Chandler, Arizona. Chandler is home to numerous high-tech employers including Intel, Orbital ATK, and Microchip. With limited room availability in the area and some natural barriers to entry, the hotel capitalizes on a higher average occupancy for the area as there aren’t many competitors in the area.
The hotel was originally built in 2005 and renovated in 2015 by the previous management. After its purchase, Caliber’s recent renovations reopened 36 previously out of service rooms and provided small updates to other areas of the property.
The Holiday Inn Ocotillo also benefits from its above brand level interior and exterior finishes, outdoor pool and spa, full restaurant, business center, fitness center, and +/- 2,500 square feet of meeting and event space.
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