HCW, LLC announced today the land closing for the development of a 100-room, four-story Aloft Hotel located at the southwest corner of Glendale and 93rd avenues in Glendale, Ariz.
The 2.4-acre property is located adjacent to the Westgate Entertainment District, one of the premier entertainment destinations in the region. The mixed-use Westgate Entertainment District is anchored by a 20-screen AMC Theaters and Dave & Busters, and is adjacent to the 400,000 square foot Tanger Outlets. Westgate is next to the Gila River Arena, home of the Arizona Coyotes, and adjacent to the University of Phoenix Stadium, home to the Arizona Cardinals.
iStar Inc., the owner of Westgate Entertainment District and virtually all the developable land remaining in the Westgate planning area, was the seller of the parcel.
“The development of the Aloft Hotel continues our strategic progression of building out the Westgate project in a variety of manners, following our joint-venture development of the Tanger Outlet mall, our development of the Dave & Busters building next to the AMC Theater, and most recently our ground-lease of the southeast corner of Glendale and 95th Avenues for the wildly popular Dutch Bros. coffee chain,” said David Sotolov, Executive Vice President and Head of West Coast Investments for iStar.
“We are excited to bring the Aloft brand to this thriving part of Glendale, Arizona. The Westgate Entertainment District is the perfect location for Aloft’s business model providing a hip modern atmosphere at an affordable price,” said Rick Huffman, HCW CEO.
Aloft Hotels owned by Starwood Hotels & Resorts has taken the lodging industry by storm offering urban, modern design and a hip social experience all at an affordable price. Catering to the next generation of travelers, Aloft is experiencing strong guest satisfaction scores, receiving third-party recognition and stealing market share. The phenomenon that went global within six months of creation is now in 18 countries across 4 continents with a portfolio of 126 hotels in 2016. Aloft Hotels has been an innovative brand since its inception in 2008. From design to programming to food and beverage, the brand has revolutionized the way the staid hospitality landscape approaches the guest experience. Keyless check-in? They were first. Robotic butler? Check. Global music programming? (Mic) Check. And with more than 126 hotels around the world, there are no signs of slowing down.
The Aloft Hotel is planned to open in summer of 2018. Chuck Wells of CBC Advisors represented the buyer in the land transaction, while Jeff Teetsel of Teetsel Properties, the development manager for Westgate, negotiated the transaction for the seller. Teetsel observed “We had a number of prospective hotel buyers interested in locating at Westgate. We chose HCW and ALoft as the right brand quality and building architecture we desired at one of the gateways to the Westgate Entertainment District. Hotel guests will be able to walk to enjoy the theater, restaurants and activities in the district.”
HCW’s project team currently includes Erickson & Meeks Engineering, LLC from Phoenix and architects, Butler Rosenbury and Partners of Springfield, MO, who also designed the Scottsdale Hampton Inn and many other projects for HCW Development.
HCW, LLC is a nationwide development company with offices in Wichita, KS, Branson, MO and Phoenix.