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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, 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.
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 Chain Summary
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| Hotel |
Pricing
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No. of
Suites
|
2019
Occupancy (1)
|
2019
ADR
(1)
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2019 Gross
Operating Profit
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2019 Revenue
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2019
Revenue
Multiplier
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2021
Revenue
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2021
Revenue
Multiplier
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Tucson BW
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$16,600,000
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158
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76.3%
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$79.15
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$1,300,000
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$3,650,000
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5.95
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$4,200,000
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3.95
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Albuquerque BW
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$7,995,000
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112
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86.0%
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$83.50
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$800,000
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$2,775,000
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2.88
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$2,950,000
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2.71
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Actual through Feb. 28, 2021 and Budget thereafter
(1) 2019 and 2021 based on actual and trends.
(2) Both Tucson and Albuquerque Best Western InnSuites Hotels have completed multi million dollar PIPs and both Best Westerns are in good standing and qualify for Auto Transfer.
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