SCOTTSDALE, AZ and PHOENIX—MIG Real Estate MIG Real Estate, LLC, a Newport Beach, CA-based real estate investment company, has further expanded into Arizona. MIG has acquired two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. These acquisitions demonstrate MIG Real Estate's continued commitment to invest in the sixth largest market in the U.S.

“We found these hotels appealing due to their accessible locations, strong branding, and surrounding businesses, attractions, medical facilities, and sports venues,” said Greg Merage, CEO of MIG Real Estate. “We will continue to seek value-add properties in the metro Phoenix market as part of our overall strategic growth initiative in the Western U.S.”

Located at 2520 N. Central Avenue in Phoenix, the Fairfield Inn & Suites was built as Wingate Inn in January 2002 and converted to the Fairfield brand in October 2007. The property contains 107 guestrooms, including 10 suites, and features 1,600 square feet of meeting space. It is located on the Central Avenue employment corridor in Midtown Phoenix, just minutes from the downtown Phoenix central business district. The nearby Phoenix METRO Light Rail Line enables easy communing throughout the city.