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February 21, 2024
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TEXAS/SOUTHWEST NEWS
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TownePlace Suites by Marriott Hotel in Chandler, AZ Trades Hands

7/17/23

Washington-based Trimark X LLC has purchased a 109-key TownePlace Suites by Marriott hotel asset in Chandler, AZ. The property was sold by Peachtree Group.

Photo: CoStar
Photo: CoStar
Located at 3635 Chandler Blvd, TownePlace Suites by Marriott features an outdoor pool, fitness center, BBQ area, and an on-site bar/lounge (TowneBar). The property also includes free on-site parking. The property is located just a few miles from Intel’s Chandler campus and seven miles from its Ocotillo campus, including Fab 42, that has two new approximately $10B chip plants under construction—known as Fab 52 and Fab 62.

Bill Murney with Cushman & Wakefield’s Western US Hospitality team in Phoenix represented the seller in the transaction. The price was not disclosed.

“The buyer also owns the Element by Westin (Marriott) located next door and will complex the two hotels’ operations. The hotel’s strategic location immediately next door to the Chandler Fashion Center provides walkability to numerous amenities and demand generators,” said Murney.





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