Tag Archives: hotel

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New Ownership Renovates Scottsdale Hotel

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 as the McDowell Road corridor, a nearly 3-mile stretch from Loop 101 to 64th St., is experiencing a resurgence after suffering setbacks over the course of the past couple of decades.
With SkySong, The Arizona State University Scottsdale Innovation Center, auto dealerships being repurposed, and other large projects and investments on tap, the McDowell Road corridor is fast becoming a commerce draw. The renovation and rebranding of the hotel will help add to the new energy and continued revitalization efforts in the area.
The project is being developed by Bret and Patricia Wirta, who recently purchased the property after the previous owners retired. The new owners turned to AVANA Capital to facilitate a loan to purchase and renovate the 50-year-old property.
“We’re thrilled to be able to invest in the McDowell Road corridor and to be able to upgrade this promising hotel property,” said Bret Wirta, one of the owners of the hotel. “We look forward to making this a great destination for business travelers coming to the many new businesses in the area, for long-time clients who have been loyal to the property, and for leisure travelers who want to experience all Scottsdale has to offer.”
Bret and Patricia Wirta also own Quality Inn, Holiday Inn Express and Black Bear Diner in Sequim, Wash. under separate entities. The company has about 100 employees at its operations, including approximately two dozen who are working at the Papago Inn.
“It’s a very unique property in that it’s a boutique hotel like some other hotels, but it has great features like a beautiful courtyard, outdoor pool, mature trees, a bird aviary — it’s a little oasis in the middle of Scottsdale,” Bret Wirta said. “We’re grateful that AVANA Capital helped us with a financing package that not only allowed us to purchase the property, but to have the flexibility to make improvements as well that will make it an even better experience for travelers.”
Founded in 2003, Magnuson Hotels has become the fastest growing hotel chain in history, representing nearly 2,000 United Kingdom and North American hotels with assets in excess of $6.75 billion. A top 10 global hotel chain, Magnuson Hotels has consistently ranked as the #1 Hotel Company of Inc. Magazine’s 5,000 fastest growing private U.S. companies.
The project will bring a revived hotel with 58 rooms and two stories, and the new owners are examining the idea of opening a restaurant as part of the facility. AVANA Capital facilitated the loan for the group of owners.
“It’s great to help improve a key property in the McDowell Road corridor and to help these entrepreneurs provide a better experience for travelers,” said Sanat Patel, Managing Partner of AVANA Capital. “Because we were able to help, an enterprising group of owners will help keep the positive momentum going in this part of south Scottsdale while creating new jobs for the area as well. It is an older property, but we saw a great deal of potential. Renovations such as this create economic growth, which helps improve communities and create jobs for local residents.”
Since 2005, AVANA Capital has funded more than $600 million in loans that led to 9,000-and-counting new jobs created and saved in 30 states, under the United States Small Business Administration Lending Programs.

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Hines closes on purchase of 25-acre Chandler Viridian

Hines, the international real estate firm, announced today that it has closed on the purchase of the 25.5-acre site for Chandler Viridian, a mixed-use property on the northwest corner of the Loop 101/Loop 202 interchange, adjacent to the Chandler Fashion Center. Hines has been working on Chandler Viridian for nearly two years due to the significant legal complications related to the unfinished Elevation Chandler project. With the legal process regarding the site now complete, Hines expects to demolish and remove the structure in December 2014.

“Chandler Viridian will expand the area’s economic engine by creating a true live, work and play environment. The visibility and walkability of Chandler Viridian exceeds many other mixed-used projects in the area,” said Chris Anderson, Managing Director and local City Leader for Hines. “Hines is excited to develop the last available site adjacent to the Chandler Fashion Center and complete the master plan envisioned by the Chandler City leadership and citizens over 15 years ago.  The support received from the Chandler City Council, city staff and Alliance Bank of Arizona has been instrumental to our success.”

“This is a high-profile site in the midst of the Price Corridor, and the entire community will benefit from having a new project there,” said James Smith, the City of Chandler’s Acting Economic Development Director. “This is the moment our residents have been waiting for – to see that failed structure come down, and new development take its place.”

Alliance Residential is developing the Class A multifamily property at Chandler Viridian. Multifamily construction is expected to begin in the first quarter of 2015. Alliance Residential is headquartered in Phoenix with 33 regional offices nationwide.

“Alliance Residential has served as a partner throughout the entitlement and land-closing process, collaborated on the design and plays an important role in delivering on the promise of Chandler Viridian,” says Anderson.

“We are excited to develop the residential component within the well-designed, mixed-use project led by Hines,” said Ian Swiergol, Managing Director of Development, Southwest for Alliance Residential. “This urban community will meet the ever-growing demands of today’s renter profile and will complement the great mix of employment and entertainment options within the Chandler Fashion Center submarket.”

In addition to the luxury apartments, Chandler Viridian will include a six-story modern brand hotel, a central plaza with 250,000 square feet of Class A office, and retail options along with a pedestrian promenade to the Chandler Fashion Center. Chandler Viridian is located in the heart of the Chandler retail entertainment district.

Construction on the horizontal infrastructure for the commercial properties is expected to begin in the second quarter of 2015. The hotel, office and retail projects will begin construction later in 2015 and into 2016.

RSP Architects of Minneapolis serves as the architect of record for Chandler Viridian. A general contractor has not been selected.

tempe-graduate

New hotel brand launching in Tempe

AJ Capital Partners announced the launch of Graduate Hotels, with the opening of Graduate Tempe. The new hotel collection will target college markets across America that celebrate each respective town’s local culture and history. Located directly across from Arizona State University, the 141-room boutique hotel will offer an intellectual return to the glory days of college and will feature two food and beverage concepts, The Normal and Tapacubo.

Graduate Tempe is slated to open in late September.

Opening alongside sister hotel Graduate Athens in Georgia, this fall marks the inaugural semester for the novel new hotel brand. Created for travelers who seek memory-making stops, Graduate Hotels are part of a well-curated, thoughtfully crafted collection of hotels that reside in the most unique college towns across the country. Additional locations including Oxford, Miss.; Madison, Wis; Charlottesville, Va.; and Bloomington, In. are slated to open in the next year.

“A hotel is typically your first and last impression of a city, and most hotels give an uninspiring
picture of its surroundings,” says Ben Weprin, Founder of AJ Capital Partners. “Graduate Tempe
certainly sets the stage for the community and captures today’s rhythm of the community.

“Most hotel brands want you to wake up and know what brand you are staying with,” says Christian Strobel, President of Graduate Hotels. “At Graduate we are looking to create an experience where you wake up feeling the vibrancy and energy of the town you are staying in. Our goal is to capture Tempe’s unique spirit throughout the hotel.”

The Normal, the hotel’s diner-chic restaurant, will serve breakfast all-day, along with sandwiches, salads, La Colombe coffee and shakes with signature menu items such as the Minimum Wage Meal and Hayden Mills Blue Corn Pancakes. The Normal will be a nostalgic, warm venue ideal for guests of all ages, especially those with a playful sense of humor.

Tapacubo, the hotel’s Mexican street food outpost, will feature a bar made of 38,000 Mexican
pesos, mid-century garage-inspired furniture and margaritas served from gas pumps. The menu will celebrate south of the border fare items such as tacos, arepas and guacamole along with a beverage menu of Mexican craft beer, margaritas and micheladas. Additionally, there will be rooftop bar on the fourth floor that overlooks the ASU campus.

Graduate Tempe, formerly the Twin Palms Hotel, was designed with passionate travelers in mind and will commemorate the youthful optimism of school days. Inspired by ASU’s groundbreaking work in the study of human origins and life sciences, the hotels’ interiors are decorated with a sense of adventure and will feature an array of primitive and Native American artwork, many sourced locally by the ASU Art Department. Upon arrival, guests will be greeted at the front desk created from a digital print of Charles Darwin’s Origin of the Species, as well as a large-scale ant farm created in partnership with ASU’s School of Life Sciences, Social Insect Research Department.

The Graduate Tempe serves discerning alumni, current and prospective students, parents,
professors, visitors and business travelers alike, providing gracious settings for social events and group meetings. The 1,800-square-feet of flexible meeting space can handle anything from
boardroom meetings and reunions to weddings and events.

For more information about Graduate Hotels, please visit www.graduatehotels.com.

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Historic Hassayampa Inn offers summer escape

Copy of Exterior Nightime Picture (2)The Hassayampa Inn, located in the Historic District of Prescott, offers comforting small town charm while being closely situated near the sights and sounds of Prescott. Hassayampa’s prime location is walking distance to the Courthouse Square, art galleries and one-of-a-kind shops, eateries and antique stores.

The hotel was built as a luxury hotel in 1927 and is listed on the National Register of Historic Places. The hotel features an eclectic mix of Spanish Colonial Revival, Italianate features, details like the hand-painted wood ceilings, etched glass and embossed copper panels, designed by Southwest architect Henry Trost.

The lobby still has a shoe shine attendant ready to shine your shoes or boots before your night out at Whiskey Row, there is dining under the stars on weekends in the courtyard surrounded by lush greenery, live music Thursday–Saturday, high tea on the fourth Sunday of the month, 4th Friday Art Walk on the Prescott Trail, and the Peacock Dining Room that has been
serving the same coffee cake recipe from the 1900s.

Hassayampa is a must see in Arizona.

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RED AWARDS 2014: Best Hospitality Project

On Feb. 26, AZRE hosted the 9th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2013 and the construction teams involved. AZRE held an open call for nominations and more than 100 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. Click here to view all 2014 RED Awards Winners.‎


Vee Quiva Hotel & Casino
Developer: Gila River Indian Community
Contractor: Tutor Perini Building Corp.
Architect: Friedmutter Group
Project Manager: Parsons-Tynan Group
Size: 760,000 SF
Completed: July 2013

vee-quivaVee Quiva Hotel & Casino is a goliath in the desert, bringing a Las Vegas quality casino and hotel to Arizona. The property is energy efficient, with lighting systems that are programmed to detect movement and adjust accordingly. The floors ventilate clean air into the casino, keeping the air fresh without using excessive amounts of energy. The casino used local concrete and aggregate products, and native plants were used for the landscaping in order to reduce water usage on the property. The biggest energy efficient feature in the new casino is the environmentally friendly electrical, plumbing and mechanical system on-site. The water is chilled and heated with energy efficient units that supply the casino and hotel with water.

Kimpton's Hotel Palomar

Kimpton’s Hotel Palomar Phoenix At CityScape Opens This Summer

Kimpton’s Hotel Palomar Phoenix at CityScape will open its doors on June 5 in the heart of downtown Phoenix, marking the completion of the highly-anticipated development project, CityScape Phoenix. The hotel, just steps from major sports arenas, entertainment venues and cultural attractions, will add 242 spacious and contemporary guest rooms and suites and more than 10,000 square feet of stylish, flexible meeting space to the city’s lineup and will bring even more energy to the downtown Phoenix area.

Situated at the heart of CityScape, a $500 million mixed-used development of shops, restaurants, bars, entertainment venues and offices, the completion of Hotel Palomar Phoenix will be the final step in the six-year process undertaken by Phoenix-based RED Development in partnership with the City of Phoenix.

“We’re excited to introduce Kimpton’s signature hospitality to this new and vibrant downtown Phoenix,” said Jim Hollister, general manager of Hotel Palomar Phoenix. “We think it’s a perfect complement to the energy of the area and we know our guests will enjoy the warm welcome, modern amenities, and a sleek and artful aesthetic of the hotel, not to mention the easy access to incredible entertainment venues, restaurants and bars and shops.”

Inspired by the contemporary vibe of the surrounding urban landscape, Hotel Palomar Phoenix is the second hotel in the Greater Phoenix area for Kimpton Hotels & Restaurants, which entered the market in 2005 with the FireSky Resort & Spa in Scottsdale. Located in the mixed-use development of CityScape, the newly built Hotel Palomar Phoenix enjoys a prime location across from Chase Field (home of the Arizona Diamondbacks) and US Airways Center (event hub and home of the Phoenix Suns), proximity to the light rail and much more.

Entering from the ground-floor entrance, Hotel Palomar Phoenix guests will leave the world behind as they ascend to the second-floor living room lobby. There, they can relax in the casual, conversational seating beside the fireplace — an ideal atmosphere for working, lounging and enjoying Kimpton’s signature daily hosted wine hour.

The destination’s interior design scheme — from the public and event spaces to the guest rooms and suites — embodies a relaxed sophistication that is modern while reflecting Arizona’s casual approach. Design and décor elements that use bright spots of color, lines that create a sense of movement and light-hearted artistic touches also help to bring the hotel’s ‘Art in Motion’ theme to life.

Adjacent to the hotel lobby, The Blue Hound Kitchen & Cocktails features contemporary American gastro lounge cuisine for lunch, dinner and late-night bites, and a blazing cocktail program that raises the bar for drink culture in the city’s urban core. Additionally, guests will be drawn to the hotel’s third-floor terrace with its open-air swimming pool and al fresco Lustre Bar, which provides a spectacular perch above the bustle of the city, perfect for admiring views of the downtown.

Hotel Palomar Phoenix’s third floor also includes a stretch of more than 10,000 square feet of art-infused meeting space across 10 event rooms, each offering picture windows that usher light in and capture city and mountain views. Event rooms range from the 3,100-square-foot Dreamcatcher Ballroom, which can accommodate up to 250 guests, to the 600-square-foot Rangoli Board Room, designed for up to 10 guests. State-of-the-art connectivity provided through wireless Internet access and comprehensive multi-media and audio-visual support make meetings and events hassle-free.

On the higher floors, 242 well-appointed guest rooms, including 16 suites, are washed in warm, earthy shades of Arizona and accented by small, thoughtful bursts of color. Whimsy finds its place with signature artwork such as Phoenix artist John Randall Nelson’s acrylic on canvas featuring a vibrant blue face of a long-horned steer or the green felt bird sculpture perched on the bedroom wall. All rooms offer a wide range of modern amenities including 37-inch flat-screen TVs, complimentary wireless Internet access, an honor bar with locally inspired and organic items, custom Etro designer bath products, in-room yoga and On Demand fitness classes, and Kimpton’s signature animal print robes.

Jeff Moloznik, general manager of CityScape, has seen the city’s excitement grow as Hotel Palomar Phoenix nears completion.

“I can’t overemphasize the profound impact this hotel will have on CityScape, our retailers and the downtown traffic generators like US Airways, Chase Field and the Convention Center,” Moloznik said. “Palomar will ignite a 24-hour energy into CityScape and offer hotel guests a never-before-experienced proximity to the area’s sporting, cultural and music venues along with dining, nightlife, shopping and entertainment — all within steps of their hotel room door.”

Hotel Palomar Phoenix at CityScape was designed by global architecture and design firm Callison. Interiors have been created by Los Angeles-based KNA Design and the project is being built by Hunt Construction Group. Hotel Palomar Phoenix is located at 2 E. Jefferson Street, Phoenix, Ariz. 85004. To learn more, visit www.hotelpalomar-phoenix.com.