By Plaza Companies and Fayth Hospitality
Plaza Companies and Fayth Hospitality have unveiled plans for a new dual-brand hotel development in the thriving north Phoenix area, with anticipated Hilton flagships Tapestry Collection and Homewood Suites by Hilton.
The project is located on a prime 8.15-acre parcel at the southeast corner of 64th Street and Mayo Blvd., recently acquired from K. Hovnanian.
The two new hotels will feature a combined 254 guest rooms, designed to serve the growing demand from local, national and international tourism as well as visitors seeking care at the high-quality medical facilities in the area. The hotels will be operated by Fayth Hospitality and are currently in the brand application process with Hilton.
Plaza Companies will also serve as the design and construction manager, overseeing the building process. The company will also leverage its local embeddedness, strategic partnerships and local connections to ensure the project’s success.
Located adjacent to major institutions like Mayo Clinic — which recently announced a $2B expansion — as well as Brooks Rehabilitation Hospital, which broke ground last month, and the ASU Discovery Oasis Innovation Zone and Health Futures Center, the newly announced hotels will serve as a hub for healthcare-related stays. The site is also just minutes from some of the region’s top events and fast-growing corporate campuses.
The area is also home to key business hubs. Additionally, Desert Ridge and north Scottsdale are commercial and residential areas known for upscale shopping, dining, and leisure options, ensuring a steady flow of both business and leisure travelers.
The Tapestry Collection and Homewood Suites by Hilton brands represent Hilton’s lifestyle and extended stay offerings, aligning with the needs of a diverse and evolving visitor base in the area.
The project is part of a 44-acre parcel recently purchased by K. Hovnanian in a state land auction at the southeast corner of Mayo Blvd. and 64th Street. (AZBEX; Oct. 25, 2024)
Plaza Companies recently announced an expansion of its presence in the hospitality industry with the formation of a new arm of the business to pursue hotel and lodging projects. The new division will build off Plaza’s success with mixed-use, office, bioscience, medical, and senior living properties.
Construction is expected to begin following final brand approvals and design completion. The architecture for the project will be led by Mayse & Associates and interior design by Flick Mars.
Brokerage services were provided by Michael A. Lieb, Ltd and Plaza Del Rio Management Corp. (Source)