CST: 27/08/2016 11:48:08   

New Owners Purchase Downtown Mesa Marriott Hotel, Will Invest $13 Million in Renovations

176 Days ago

MESA, AZ --(Marketwired - March 03, 2016) - Today, Arizona-based Ensemble Real Estate Solutions & Investments closed on the 12-story, 276-room Phoenix Marriott Mesa hotel located in Downtown Mesa at 200 N. Centennial Way. Ensemble will maintain the Marriott brand and will invest $13 million to renovate the property.

"We welcome Ensemble as an important partner with the City as they bring new life to one of Downtown Mesa's crucial assets," City of Mesa Mayor John Giles said. "The Phoenix Marriott Mesa renovation project is a key component in the reemergence of our downtown as a place for business, education and entertainment."

Ensemble plans a "top to bottom" renovation to include all public spaces, guestrooms, food and beverage outlets, and pre-function/function spaces. The majority of the renovations will be implemented during the Summer of 2017 to position the property for the 2017/2018 peak season. Ensemble has chosen Evolution Hospitality to manage the hotel.

"One of Ensemble's first investments was in Mesa in 1990, and we are thrilled to be renewing that long relationship with the acquisition and renovation of the Phoenix Marriott Mesa," Randy McGrane, Managing Director of Ensemble shared. "We've seen what the city is doing to transform Downtown Mesa's core, and that was a key reason we selected this asset. Our plan is to make the Phoenix Marriott Mesa a showcase property, as it marks our first hospitality investment in our corporate office location's backyard."

The property is well positioned to take advantage of the adjacent 33,000 sq. ft. Mesa Convention Center and 5,000-capacity outdoor Mesa Amphitheatre. Close by are Hohokam Stadium, the spring training home of the Oakland A's; Sloan Park, the spring training home of the Chicago Cubs; the award-winning Mesa Arts Center; and numerous museums, retail shops and restaurants.

"Visit Mesa is looking forward to collaborating with the sales and marketing team at the Marriott to book business in Downtown Mesa and capitalize on Ensemble's investment in the revitalization of Downtown Mesa," Marc Garcia, CEO and President of Visit Mesa said.

About Ensemble Real Estate Solutions & Investments

Ensemble Real Estate Solutions & Investments is engaged in the investment, management, and development of commercial real estate in the hospitality, healthcare, commercial and urban multifamily sectors. Ensemble has a long-standing history of maximizing investment returns through the development and repositioning of hotel assets, while adding value to their respective communities. With its proven track record, Ensemble has fostered strategic and fruitful partnerships with global brands such as Hyatt, Hilton and Marriott, along with independent hotel operators to acquire, develop and manage hospitality assets successfully in a constantly evolving market. Learn more at www.ensemble.net.

The following files are available for download:

Office of Economic Development
Contact:
Kim Lofgreen
Tel. 480-644-3962
kim.lofgreen@mesaaz.gov