PHOENIX—Indian Bend Hotel Group, LLC, an affiliate of CDIF, LLC, a private equity fund managed by Caliber Companies, announced today that it has closed on the purchase of the 101-room Hampton Inn & Suites Scottsdale-Riverwalk for $10.4 million.
Built in 2012, the Hampton Inn & Suites Scottsdale-Riverwalk is the second hospitality acquisition orchestrated by Caliber and its investment funds. The Crowne Plaza Phoenix Airport Hotel, a 10-story, 290-room full-service property with an adjacent parking garage, was also purchased by a Caliber affiliate in 2013.
Located in the heart of the new North Scottsdale entertainment district, the Hampton Inn & Suites Scottsdale-Riverwalk is a Hilton Hotels brand property located near the Talking Stick Casino, Salt River Fields and the Scottsdale Pavilions. Heavlin Management Company will manage the hotel's day-to-day operations.
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