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Suite Hotels Realty
Suite Hotels LLC dba, Suite Hotels Realty and predecessors
were founded in 1972 in metro Phoenix Arizona to benefit from investment
opportunities in real estate with the rapid growth of Arizona. Suite Hotels
and affiliates have developed and/or invested in real estate valued over
$300 million since 1972 with a strong track record of success overall in
spite of the many ups and downs of the economy and investments in general.
Affiliates, Rare Earth Financial and predecessor handled over 35 investment
syndications all of over $ 1 million or more, invested in 6,000 acres of suburban Phoenix raw land developed and sold homes and
condominiums, developed and handled extensive investments in mini-storage
units and developed the InnSuites Hotels system.
Real estate is an attractive investment especially due to its hedge against inflation, income producing and tax shelter qualities and long term capital gains.
This is especially true as we are now in the "Sweet Spot" of the current Hotel cycle.
The following operating metrics are listed below.
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Suite Hotels Realty Summary
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| Hotel |
No. of
Suites
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2023
Occupancy
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2023
ADR
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Tucson BW
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158
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73.7%
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$89.27
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Albuquerque BW
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112
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86.1%
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$98.70
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Total
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270
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79.9%
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$93.98
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Innsuites BW Two Room Suite - Hotel Package
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|
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Tucson
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Albuquerque
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Total
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Price
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$18,500,000
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$9,500,000
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$28,000,000
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2024 Budget/Projected Revenue
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$4,350,000
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$3,750,000
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$8,100,000
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2024 Revenue Multiple
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4.3
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2.6
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3.45
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2024 GOP
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$1,460,000
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$1,250,000
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$2,650,000
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2024 Cap Rate
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7.8%
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13.1%
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10.45%
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2024 Price Per Suites
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$117,000
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$85,000
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$101,000
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2024 Loan Balance
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$7,800,000
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$1,100,000
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$8,900,000
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Net Equity
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$10,700,000
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$8,400,000
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$19,100,000
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Both Tucson and Albuquerque Best Western InnSuites Hotels have completed multi million dollar PIPs in 2021 and both Best Westerns are in good standing and qualify for Auto Transfer. Albuquerque is on a land lease maturing in 2058.
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