Hospitality Archives

Hampton Inn & Suites in Yuma sold for $7.4M

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Marcus & Millichap has announced the sale of Hampton Inn & Suites Yuma, a 90-room hospitality property located in Yuma, Ariz., according to Kevin W. Boeve, vice president and regional manager of the firm’s Ontario office. The asset sold for $7,400,000. Aseem Tandon, a director of the National Hospitality Group in Marcus & Millichap’s Ontario… Read More →

Plaza Companies, Duke Realty partner on new Banner building

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Plaza Companies has partnered with a national real estate developer to build a new class-A medical office building on Banner Estrella Medical Campus in Phoenix. Plaza is partnering with Duke Realty in a joint venture to build the project. Founded in 1972 in Indianapolis, Duke Realty has a significant national real estate portfolio, but this is one of their first entries into… Read More →

Developers of new Mountain Shadows Resort announced

Rendering of new Shadow Mountain Resort.

Westroc Hospitality and Woodbine Development Corporation are partnering to develop a new luxury resort on the former location of Paradise Valley’s iconic Mountain Shadows Resort. With escrow now closed, construction will begin at the southwest corner of 56th Street and Lincoln Drive in the summer of 2015, with a projected opening in early 2017. The… Read More →

New Ownership Renovates Scottsdale Hotel

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December 17, 2014 by in AZRE Magazine | Featured | Hospitality

A critical financing package has led to an upgrade of one of south Scottsdale’s best-known hospitality facilities and will help modernize it to reflect the revitalization of the McDowell Road Corridor. The Best Western Papago Inn at 7017 East McDowell Road in south Scottsdale has undergone renovations and is now the Magnuson Hotel Papago Inn. The revitalization of the facility comes… Read More →

New restaurant, Tapacubo, opens in Tempe

Copyright: Christian Horan Photography

Graduate Tempe announced the opening of Tapacubo, the hotel’s Mexican street food outpost, on December 5, 2014. Located at the hotel at 225 East Apache Boulevard, Tapacubo’s flavorful menu presents a variety of handcrafted South of the Border classics including tacos, tortas and arepas along with an extensive beverage list. Executive Chef Brian Archibald has… Read More →

Chateau Luxe brings 50KSF event venue to 101 and 7th Street

Chateau Luxe, courtesy of Deepika Bhalla

Chateau Luxe, a new event space that aims to bring high-end design and opulent detail to the Valley, is set to open mid-February 2015.  Located just north of the 101 off of 7th Street, Chateau Luxe is a multimillion-dollar event space envisioned by owner Deepika Bhalla. It is designed and built by the award winning… Read More →

Hayden House Tempe plans $200M mixed-use project

Mill & Rio Salado Rendering, DWC

Cassidy Turley has announced that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (Douglas Wilson, Chairman and CEO), Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, (Jeff Wenaas, President) and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and… Read More →

Weitz Company named contractor for Hacienda at the River

The Freshwater Group

The Weitz Company announced its selection to build the Hacienda at the River project for Watermark Retirement Communities, Inc. along with The Freshwater Group of Tucson. The project will include a 70,000-square foot, two-story health care center offering short term, long term and hospice care. Also included are 62 residences, offering assisted living and memory care,… Read More →

Land Advisors lists resort-ready oceanfront property in Mexico

Ocean front property in the pacific side in Cabo San Lucas, just beside Diamante Cabo and Rancho San Cristobal.

Land Advisors Resort Solutions (LARS) is brokering the sale of resort-ready, oceanfront property in Cabo San Lucas, Mexico.  The specific parcel, known as San Jose Pacifica, envelops more than 1,200 acres and is situated just seven miles west of the popular Cabo San Lucas Marina district. “With its views, its location and its development opportunities,… Read More →

Glendale-based AVANA Capital helps create new hotel in Ohio

From Centre Park Holiday Inn Event Center's Facebook page.

When an innovative commercial real estate mortgage lender joins forces with a respected leader in hotel management and development, progress happens and a community wins. AVANA Capital and Middletown Hotel Management (MHM) have brought to fruition a hotel and event center that will be an anchor for the township and a Butler County tourism draw… Read More →

Ground breaks on $25M Ocotillo Village Health Club & Spa

(L to R):  Mark Sklar - DMB, Councilmember Jack Sellers, Councilmember Jeff Weninger, Mayor Jay Tibshraeny, Councilmember Kevin Hartke, Carol Nalevanko - President of Village Health Clubs & Spa, Bennett Dorrance - DMB, Michael DeBell - DMB, David Bruner - DMB Circle Road, Charley Freericks - DMB, Mary Alexander - DMB.  Photo courtesy of John Buttel of Buttel Photography.

On June 18,  a group of city and business leaders including Chandler Mayor Jay Tibshraeny and Councilmembers Kevin Hartke, Jack Sellers and Jeff Weninger gathered in a freshly-graded dirt field to officially break ground on the $25 million Ocotillo Village Health Club & Spa. Joining the Mayor & Councilmembers at the groundbreaking ceremony were prominent… Read More →

New to Market: Phoenix-Mesa Gateway Airport Hotel

Four-Points-Rendering

Developer: Wild Horse Pass Development Authority General contractor: W.E. O’Neil Construction Architect: RSP Architects Project Management Firm: TynanGroup, Inc. Location: Adjacent to the Phoenix-Mesa Gateway Airport Size: 74KSF Value: WND Start/Completion: February 2014 to early 2015 The new Four Points by Sheraton will be a 74KSF, 134 key, six-story hotel owned by the Gila River… Read More →

New to Market: The Landing at Gateway

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The Landing at Gateway Developer: Streamline Construction and Development Corporation General Contractor: TBD Architect: Saemisch + Di Bella Architects Location: SEC of Power and Warner roads, Mesa, Ariz. Size: 520KSF Brokerage Firm: KW Commercial Value: $110M Estimated start and completion dates: May 2014 to December 2015 The Landing at Gateway is a development within a… Read More →

SCNM to break ground on 47KSF, $9.5M Mixed-Use Building

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December 19, 2013 by in Education | Hospitality | Mixed-Use | New to Market

Southwest College of Naturopathic Medicine (SCNM) will officially break ground January 8 on a new 47,000 square-foot mixed-use building. The $9.5 million campus expansion supports the college’s record-enrollment numbers, growing patient volume in the medical center as well as future plans to add new degree programs and community classes to match the growing interest in… Read More →