Hotel Adeline Scottsdale, Marriott Tribute
Just north of Old Town Scottsdale, this Marriott Tribute-branded hotel has been transformed into a boutique lifestyle hotel after a $13M renovation.
Location
Scottsdale, AZ
Investment Strategy
Value-Add
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
May 2022
Status
Closed Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$14,712,950
21.556504151102626%
Investor Equity
$10,000,000
14.65138136886391%
Senior Loan Amount
$43,540,000
63.79211448003347%
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Total
$68,252,950
100%
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