CAI Tempe Hotel Partners, LLC $25.5 million Offering

11 E. 7th Street, Tempe, Arizona

This ground up construction development consists of a +/- 36,900 sq ft site located in downtown Tempe, Arizona at 11 E. 7th Street at Mill Avenue. The Total Development Cost for this 20-story, 290-room, four-star full-service Westin Hotel is $78,000,000. The Westin is an Upper Upscale, business hotel franchised from Marriott International. Construction will start in January 2018 with a completion date set for June-July 2019. The site’s location within the Mill Avenue District is adjacent Arizona State University (“ASU”), PAC-12 Conference school. With over 72,000 undergraduate and graduate students, ASU is in the top 3 of U.S. public universities when ranked by total student enrollment. For More information, please request a PPM and additional info. Edward Yu, ed@caicap.com.

CAI Tempe Hotel Partners, LLC $25.5 million Offering was last modified: November 3rd, 2017 by wsadmin

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