STRs in Mesa vs Peoria

[Brian G.]

Thoughts on the STR market in Mesa, Arizona compared with Peoria, AZ. What are the demand drivers of each, revenue comparisons, valuations, pros/cons of each, etc. Thanks!

[Bob Willis]

Everything else being equal (size of the property, amenities of the property, neighborhood, etc) I would say the big differentiator would be proximity to State Farm stadium in Peoria. The Super Bowl will be there next year, Final Four (2024), Fiesta Bowl every year (as part of the college football playoff), etc etc, Granted these are single events and not year round, but the year round amenities (spring training, Phoenix Open, Barrett Jackson, Arabian Horse Show, nice winter weather, etc) are the same in both locations. Just my 2 cents