New Developments in the Phoenix Area Hotel Market

New Developments in the Phoenix Area Hotel Market

Even with the uncertainties created by the coronavirus pandemic, the Phoenix commercial real estate market has continued to see an array of innovative endeavors this year. One area where there have been some exciting new developments is in the hotel industry. Here is more on the latest hotel projects in and around the Valley.

Arrive Hotel is Finally Here

During Labor Day weekend, uptown Phoenix welcomed the long-awaited Arrive Phoenix hotel’s official opening at 400 W. Camelback Road. The chic neighborhood hotel had a soft opening on September 1 but made its grand debut for its Labor Day guests.

The retro-themed “low-key luxury” hotel has 79 guest rooms, a rooftop lounge, pool, a pop stand, patio, coffee shop with locally-purveyed coffee, and two guest towers. Tower One, the Lylo Swim Club, is now open for guests, and Tower Two, Don Woods’, is scheduled to open November 15, 2020. The five-year, $25 million hotel project has been a highly-anticipated addition to the community. With thoughtful and original design details, Arrive combines the best in local culture, luxury details, and retro-style for their guests. The hotel chain also has properties in Austin, TX, Wilmington, DE, Palm Springs, CA, and Memphis, TN.

Extended Stay Luxury Hotel Development

According to a recent report, upscale extended-stay hotel developer WaterWalk acquired a 4.5-acre site at 19th Avenue and Pinnacle Peak Road in Phoenix’s Deer Valley neighborhood for $2,143,713. WaterWalk plans to build its tenth extended-stay hotel on the site. The hotel developer’s target markets center around business and corporate events and guests. WaterWalk is reportedly “the fifth national brand started by Jack DeBoer.” DeBoer’s other projects have included such notable names as “Residence Inn, Summerfield Suites, Candlewood Suites, and Value Place/WoodSpring.” The Phoenix property is WaterMark’s first in Arizona. The hotel chain plans to open 50 locations in the state by the end of 2024.

A New Hotel May be Coming to Glendale

The City of Glendale may be getting a new mixed-use development that includes a five-story hotel. The property would be on 3.6 acres southeast of Loop 101 and Northern Avenue and northwest of the Desert Diamond West Valley Casino. In addition to the hotel, the development would have retail shops and drive-thru restaurants. The developer was recently scheduled to make a separate rezoning request before the city’s zoning commission for the project.

Laura B. Bramnick is an Arizona real estate attorney with the knowledge and experience you need to protect your interests during every stage of your real estate matter. If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona, and throughout the State of Arizona, contact Laura B. Bramnick to schedule your consultation.

 

 

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