An Ensemble Of Investment Portfolio Assets Finds Mesa A Good Place for Capital



Two recent pressers have announced the sale of one property here in DTMesa, mentioning a $13M update renovation to a prime downtown location in an existing building sitting next to an open large tract of City-owned land called Site 17. 
More importantly, it is an area directly connected to city-owned outdoor entertainment venue Mesa Amphitheater and indoor Mesa Convention Center - facilities that host thousands of people year-round in what used to be Rendezvous Park.
It's fertile ground for more capital investment in commercial, hospitality, urban multi-family and mixed-use development of the central core here in the new Urban DTMesa..
Arizona-based Ensemble Real Estate Solutions & Investments has investment in more than eight healthcare facilities in Arizona and 50 commercial properties 
Learn more at www.ensemble.net.

You can read the headline

New owners purchase downtown Mesa Marriott hotel, will invest $13 million in renovations

with these links:   

One from the City of Mesa newsroom >> http://www.mesaaz.gov/Home/Components/News/News/915/
One from EIN Presswire >>
http://www.einnews.com/pr_news/314757803/new-owners-purchase-downtown-mesa-marriott-hotel-will-invest-13-million-in-renovations
Both are word-for-word the same and were posted by Kim Lofgreen in the City of Mesa Office of Economic Developmentkim.lofgreen@mesaaz.gov

The hospitality property with less than 300 rooms that are frequently all booked-up abuts Centennial Center with office space, the Wilbur Historic District, the Mesa Main Public Library and is well positioned to take advantage of the adjacent 33,000 sq. ft. Mesa Convention Center and 5,000-capacity outdoor Mesa Amphitheatre. One block away is the intentional award-winning Mesa Arts Center; and clustered on/off Main Street are destinations attracting millions of visitors to three museums, the World Famous Nile Theater, locally-owned galleries and retail shops, design labs, banks, salons, boutiques, spaces for life events and celebrations, and a vibrant hip art and music scene.

Marriott Hotels serves the upper-upscale travelers and meeting groups.
Properties are located in downtown, urban, and suburban areas, near airports, and at resort locations.
The properties offer well-appointed guest rooms, convention and banquet facilities, destination-driven restaurants and lounges, room service, concierge lounges, fitness centers, swimming pools, and wireless Internet access. As of December 31, 2014, there were 499 Marriott Hotels properties (179,221 rooms), excluding JW Marriott and Marriott Conference Centers. As of December 31, 2014, the Company has 10 Marriott Conference Centers (2,915 rooms) across the United States.

Hospitality = Hot

Here's how Marriott is performing

<< Analyst Consensus




Source: http://www.reuters.com/finance/stocks/overview?symbol=MAR.OQ