• Best Western Inn & Suites Yuma Sells for $16+ Million

    Best Western Inn & Suites Yuma Sells for $16+ Million0

    Palm Springs Investor Purchases Largest Hotel in Yuma, Arizona PHOENIX, ARIZ.  –  The Best Western Inn & Suites in Yuma, AZ has been sold to a Palm Springs investor for $16,050,000.  The six-building property is the largest hotel in the city. Palm Springs Inn, LLC of Palm Springs purchased the property from Yuma Hospitality Properties, LP

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  • Sundt Begins Construction on Canopy Hotel by Hilton in Tempe

    Sundt Begins Construction on Canopy Hotel by Hilton in Tempe0

    TEMPE, ARIZ.  –  Sundt Construction, Inc. (www.sundt.com) broke ground Monday on the Canopy Hotel by Hilton Tempe Downtown, University Area. The hotel project includes a 14-story hotel tower and three-level parking garage. The hotel will boast 198 guest rooms, 3,000 square feet of conference and meeting spaces, a lobby restaurant and a rooftop bar and

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  • Berkadia Phoenix Team Secures $78 Million Financing for Six of Eight Hotel Portfolio

    Berkadia Phoenix Team Secures $78 Million Financing for Six of Eight Hotel Portfolio0

    Phoenix, Ariz. – Berkadia today announced the $78 million financing for six hotel properties in a portfolio of eight total hotel properties. Director Adrienne Kautzman of the Phoenix office secured the acquisition bridge loan through Ares Commercial Real Estate Corporation (NYSE:ACRE). The borrower was a partnership led by PEG Companies, and the deal closed on

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