Moonstar Hospitality Acquires Fairfield Inn & Suites by Marriott Phoenix Midtown for $18 Million

Cushman & Wakefield | October 3, 2023

PHOENIX, Ariz. – October 3, 2023 –  Cushman & Wakefield announced the firm has brokered the sale of a 107-room Fairfield Inn & Suites by Marriott hotel asset in Phoenix, Arizona. Located at 2520 N Central Ave, the property sold to Salt Lake City, UT-based Moonstar Hospitality LLC for $18 million. Bill Murney with Cushman & Wakefield’s Hospitality team in Phoenix represented the seller, MIG Real Estate, in the transactions.  MIG Real Estate, a real estate investment company with assets across the Western U.S. and Sun Belt states, is actively seeking opportunities to expand its portfolio. “The buyer now owns a great...