By Peter Corbett for The Arizona Republic
The 44-year-old hotel north of Scottsdale Fashion Square is closing December 1, said Debbie Coffelt, Days Inn general manager.
Mall owner Macerich once again is weighing its options for redeveloping the hotel site, said Scott Nelson, a Macerich vice president of development. A previous plan was stalled by the recession in 2008 and Days Inn has operated under a series of one-year ground leases since then.
Westcor, the Valley mall giant and a subsidiary of Macerich, based in Santa Monica, Calif., has for years intended to redevelop the nearly 10-acre property.
Westcor is patiently evaluating the market to find the right retailers or users for the property, said Nelson, adding that the company gets only one chance “to do it right for the next 30 to 40 years.”
Residential development surrounding Scottsdale Fashion Square “definitely signals to the retailers and potential users that there is a lot of energy in downtown Scottsdale,” Nelson said.
Community groups in redevelopment discussions with Westcor and the city four years ago suggested a range of uses for the Days Inn site including condominiums, offices, a new hotel and even an upscale grocery to serve the growing number of downtown residents.
Fashion Square’s most recent expansion, completed in late 2009, included a new wing for Barneys New York, H&M and other retailers.
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