The investment arm of Bradford Allen, a national full-service real estate firm, has acquired Aloft Glendale at Westgate, a 100-key hotel in Glendale, AZ. The property marks the company’s second acquisition in the Westgate Entertainment District, joining nearby TownePlace Suites Glendale, which was purchased in late 2022. The property sold for $23.75 million.
“With the Phoenix metro continuing its growth trajectory and Glendale—which has hosted multiple Super Bowls and is the site of the NCAA Final Four in April—as an epicenter of commercial activity, this acquisition further bolsters the firm’s strategy to acquire high-quality hotels in experience-driven markets,” said Aghfar Arun, director, Bradford Allen. “The Aloft presents a unique opportunity to build on the success we’ve achieved at TownePlace Suites Glendale, complementing the extended-stay offering there with a distinctive select-service product and robust amenities package while leveraging Marriott’s industry-leading booking platform.”
Bill Murney of Cushman & Wakefield represented the seller, HCW Hospitality & Development, in the transaction.
Hotel amenities include an outdoor splash pool, Re:charge fitness center, gift shop, convenience store, meeting spaces, social lounge and the W XYZ Bar. Residing in the Westgate Entertainment District, the hotel is close to State Farm Stadium, Desert Diamond Arena and Camelback Ranch.
Since launching its hospitality platform in 2022, Bradford Allen has acquired six hotels totaling 800 keys. In addition to Glendale, the firm currently owns hospitality assets in Riverside, NY, on Long Island and close to the Hamptons; Rosemont, IL, in the O’Hare submarket outside Chicago; and Iowa City, IA, near the University of Iowa campus. The firm said it plans to grow its portfolio this year.
