AZ Big Media Kingsbury Hospitality REIT has paid $21.5 million, or $158,088/room, for the 136-room Cambria Hotel Phoenix Chandler Fashion Center in Chandler, Ariz. The Tampa, Fla., REIT purchased the property from Concord Hospitality Enterprises in a deal brokered by CBRE Hotels. Argentic Investment Management provided $14 million of financing to facilitate the purchase, according […]

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