The 72-room hotel, situated on 1.38 acres, has been sold to a developer, who plans to demolish the existing structure and erect a state-of-the-art, 7-story student housing complex featuring 479 bedrooms.
Situated on the north side of Scottsdale Fashion Square, the 147-foot-high, 260,000-square-foot hotel features five top-floor penthouse entertainment suites, each exceeding 2,000 square feet.
Arizona's Largest Resort to open in late 2024
Expected to open Q3 of 2024, the four story, 122 room hotel is near Luke Air Force Base, Boswell Medical Center, State Farm Stadium, and the Loop 101.
VAI Resort announced the VAI Amphitheater, set to open in 2024 as part of its upcoming $1 billion destination resort in Arizona.
Four Towers, Over 1100 Rooms, Suites + Villas, VAI music and entertainment venue featuring a $40 Million State-Of-The-Art Stage,12 Signature Restaurants, Konos Island and Beach Oasis, Luxury Spa, Nightclub Venue, Rides, Attractions, Curated Retail and Art Installations
The multi-million dollar refurbishment upgraded the hotel’s guest and meeting rooms, public spaces and restaurant. The renovation also included adding new furnishings, bathrooms and linens throughout the property.
The 322-room hotel and resort is located in Tusayan, Ariz. – only 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park. Terms of the purchase are not being disclosed.
Located in the heart of downtown Tempe, the hotel will feature 330 guest rooms, including 11 suites, four dining outlets, a spacious pool deck, retail, and nearly 36,000 square feet of flexible indoor and outdoor meeting spaces with expansive views of the ASU campus and the Arizona cityscape.
JLL Capital Markets announced yesterday that it has arranged $24.5 million in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a 148-key, select-service hotel in Tempe, Arizona.