JLL Arranges Construction Financing for Hotel Development in Phoenix, Arizona
PHOENIX, Arizona—JLL’s Hotels & Hospitality Group announced that it arranged a $70.85 million construction loan for the development of a 257-room dual-branded Hotel Six Four, Mayo Blvd a Tapestry Collection by Hilton and Homewood Suites by Hilton in Phoenix. The project includes a 133-key Tapestry Collection by Hilton and a 124-key Homewood Suites by Hilton. JLL worked on behalf of the borrower, Plaza Companies and Fayth Hospitality, to secure a five-year, floating-rate loan. Project Details The development will include 133 Tapestry Collection guestrooms and 124 Homewood Suites guestrooms. The dual-branded hotel will have a […]
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