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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 $200 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 25 investment syndications all of over $ 1 million or more, developed and sold homes and condominiums, developed and handled extensive investments in mini-storage units and developed the InnSuites Hotels system.
In 2006-2009, Rare Earth, Suites Hotels and affiliates took a backseat to the rampant run-up in Arizona real estate prices. The principals of the company felt real estate was overpriced and therefore no real estate investments or syndications were done which in retrospect proved to be the right decision. With the major market corrections that followed in 2008-2010 we saw the worst economic conditions since the 1930s. The silver lining is that the economy tends to correct making real estate once again an attractive investment especially due to its hedge against inflation, income producing and tax shelter qualities.
| Suite Hotels Realty Chain Summary |
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Cash or Cash to Mortgage Pricing |
Existing Debt |
Potential 35% Cash Down |
Total Studios & Suites |
Actual & Budget 2012 Room Revenue |
| Yuma | $15,000,000 | $5,500,000 | $5,250,000 | 169 | $3,085,000 |
| Tucson City Center | $11,000,000 | $5,200,000 | $3,850,000 | 269 | $2,600,000 |
| Tucson Oracle | $14,000,000 | $2,200,000 | $4,900,000 | 159 | $3,062,000 |
| Albuquerque | $6,500,000 | $1,200,000 | $2,275,000 | 102 | $1,981,000 |
| Tempe | $11,500,000 | $4,300,000 | $4,025,000 | 160 | $2,570,000 |
| Phoenix | $12,200,000 | $4,500,000 | $4,270,000 | 112 | $2,338,000 |
| Fort Worth | $4,900,000 | $1,200,000 | $1,715,000 | 168 | $1,548,000 |
| Ontario | $19,800,000 | $5,900,000 | $6,930,000 | 150 | $3,396,000 |
| Totals | $94,900,000 | $30,000,000 | $33,215,000 | 1,289 | $20,580,000 |
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