Home2 by Hilton, Phoenix, AZ
Project Overview
Located in Surprise, Arizona — within the rapidly expanding Phoenix metropolitan area — this project represents a strategic ground-up hospitality development designed to serve one of the region’s fastest-growing residential, industrial, and logistics corridors. The development will feature a 96-suite Home2 Suites by Hilton, an extended-stay hospitality brand recognized for modern accommodations, flexible suite layouts, and amenities tailored to both business and long-term travelers.
- Development Profile:
- Planned as a ground-up construction of a 96-suite hotel operating under the Home2 Suites by Hilton brand.
- Located at the NEC of Cotton Lane & Cactus Road, Surprise, AZ 85388, with excellent visibility and accessibility from the rapidly developing Loop 303 corridor.
- Situated on a 3.6-acre PAD site within a newly planned 16-acre mixed-use plaza development, positioning the project within a growing commercial hub.
- Strategic Market Position:
- The property benefits from direct access to Loop 303, a key transportation corridor connecting Interstate 10 and Interstate 17 while supporting major regional industrial and commercial expansion.
- Area growth is being driven by substantial investment in manufacturing, logistics, data centers, and semiconductor-related industries, including nearby developments associated with TSMC and other industrial operators.
- Surprise continues to rank among Arizona’s fastest-growing cities, with significant residential and multifamily development underway throughout the surrounding market.
- Development & Investment Highlights:
- Hilton has officially allocated the Home2 Suites brand for the project’s 96 keys.
- Construction is expected to begin in October 2026, with an estimated 18-month development timeline.
- Total projected development cost is estimated at approximately $15.7 million, including land acquisition, construction, FF&E, and development-related expenses.
- Projected stabilized valuation is estimated at approximately $20 million, reflecting strong market fundamentals and long-term value appreciation potential.
- Hospitality & Brand Positioning:
- Home2 Suites by Hilton is Hilton’s innovative extended-stay brand designed to provide flexible accommodations with apartment-style suites, communal workspaces, and modern lifestyle amenities. (hilton.com)
- The development is positioned to serve a wide range of demand generators including:
- Corporate travelers
- Industrial and construction workforce
- Sports tourism visitors
- Families relocating to the Phoenix metro area
- Long-stay business guests.
- The project will benefit from Hilton’s global reservation system and Hilton Honors loyalty platform, enhancing brand visibility and long-term operational performance.
- Project Timeline:
- Land & Site Finalization: Completed
- Development Type: Ground-up new construction
- Brand: Home2 Suites by Hilton
- Hotel Size: 96 suites
- Planned Groundbreaking: October 2026
- Estimated Construction Timeline: 18 months
Key Highlights
- Prime location in Surprise, Arizona, one of the fastest-growing communities within the Phoenix metropolitan region.
- Planned 96-suite Home2 Suites by Hilton development strategically positioned along the high-growth Loop 303 corridor.
- Located within a rapidly expanding industrial and logistics market benefiting from:
- Semiconductor industry growth
- Data center development
- Manufacturing expansion
- Large-scale residential growth.
- Limited extended-stay hotel competition within the immediate corridor creates strong long-term market opportunity.
- Projected development metrics include:
- Approximate total project cost of $15.7M
- Estimated stabilized value of $20M
- Strong projected revenue growth over the first five years of operation.
- Positioned to benefit from:
- Sports tourism activity surrounding Surprise Stadium
- Regional business travel demand
- Population growth and relocation trends
- Corporate and infrastructure expansion throughout the West Valley market.
- Demonstrates expertise in:
- Ground-up hospitality development
- Institutional-quality project execution
- Extended-stay hotel operations
- Brand-driven value creation and hospitality investment strategy.