What's Hot

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [June 6, 2025] - Multifamily Mixed-Use with Daycare Planned in STV
    • [June 6, 2025] - Mesa P&Z Approves Updated EastMarket Plans
    • [June 6, 2025] - 124-Room Extended Stay Hotel Planned in Casa Grande
    • [June 6, 2025] - Pima BoS Approves $250M Affordable Housing Plan
    • [June 6, 2025] - Arizona Projects 06-06-25
    • [June 4, 2025] - Diversified Partners’ Phoenix Development Features 75KSF Family Entertainment  Center
    • [June 4, 2025] - $51M Land Buy May Result in New West Valley Data Center
    • [June 4, 2025] - OrthoArizona Announces New Facilities and Major Expansions
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Multifamily Mixed-Use with Daycare Planned in STV

      June 6, 2025

      Mesa P&Z Approves Updated EastMarket Plans

      June 6, 2025

      124-Room Extended Stay Hotel Planned in Casa Grande

      June 6, 2025

      Diversified Partners’ Phoenix Development Features 75KSF Family Entertainment  Center

      June 4, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025

      Gilbert Council Approves Dev. Services Fee Hike

      June 3, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      EdgeCore 44-Acre Mesa Land Buy Sets Up Massive Expansion

      May 23, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025

      Peoria Council Approves $1.9B 10-Year CIP

      May 27, 2025

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Commercial Real Estate 06-03-25

      June 3, 2025

      Commercial Real Estate 05-27-25

      May 27, 2025

      Commercial Real Estate 05-20-25

      May 21, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Industry Professionals 06-03-25

      June 3, 2025

      Industry Professionals 05-27-25

      May 27, 2025

      Industry Professionals 05-20-25

      May 21, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Arizona Projects 05-30-25

      May 30, 2025

      Arizona Projects 05-23-25

      May 23, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Multifamily Mixed-Use with Daycare Planned in STV

      June 6, 2025

      Mesa P&Z Approves Updated EastMarket Plans

      June 6, 2025

      124-Room Extended Stay Hotel Planned in Casa Grande

      June 6, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Arizona Projects » LMS Checks in on AZ’s Hospitality Industry
    Arizona Projects

    LMS Checks in on AZ’s Hospitality Industry

    BEX StaffBy BEX StaffAugust 2, 2019No Comments4 Mins Read
    Credit: Russell Olinsky
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Sammy Williams for AZBEX

    The latest in the BEX Leading Market Series found attendees gathered at SkySong in Scottsdale on Thursday, August 1st to discuss the current state of the hospitality sector.

    BEX Vice President of Operations Rachel Pratt kicked off the breakfast with an overview of the hospitality industry, which is comprised of hotels and resorts, sports and entertainment venues and theme parks.

    With tourism as a major driver of Arizona’s economy, it’s no surprise that hotel and resort projects make up the majority (75 percent) of current projects. Sports and entertainment (16 percent) and theme parks (9 percent) round out the $4.7B in projects on the books for the next two to three years.

    Using information collected from the BEX Database, Pratt described the mix of owners, designers and contractors for upcoming large hospitality projects.

    “Fifteen percent of design firms are yet to be selected for these projects, and thirty percent of projects do not yet have a general contractor,” said Pratt, one of many statistics that magnified the opportunities for attendees and their firms.

    After outlining the market, Pratt went on to introduce the moderator, Chris Creasey, Director of Business Development for Tutor Perini Building Corp. Creasey then welcomed the panelists: Jeff Denzak, Partner, Swaback; Chad Weaver, Community Development Director, City of Tempe; and Barney Enos, Jr., Councilman, Gila River Indian Community (GRIC).

    Upcoming Projects

    Denzak gave attendees an inside look at Museum Square, a fixed-use master planned community in the South Scottsdale arts districts. The seven-acre, $350M project has been 2.5 years in the making, and centers around The Arizonan, a hotel with approximately 200 rooms. Three condominiums, an apartment complex, retail and restaurants round out the development.

    Denzak also previewed Sereno Canyon in North Scottsdale, a 350-acre site nestled in the McDowell Mountains.

    “The original plan was large custom home lots, but we’re finding that customer bandwidth is narrowing,” said Denzak.

    Instead, Swaback worked with Toll Brothers to create a hybrid gated resort community with mountain cottages, resort vacation homes and estate homes designed primarily for second home buyers. The 15KSF $20M Mountain House Lodge will anchor the development and offer luxury amenities for all residents.

    Weaver kicked off his presentation with a map of nine new hotels in various stages of development in Tempe, most notably the OMNI project, which would bring a large convention hotel to the city.

    “We’ll be adding 2,600 rooms to Tempe if everything comes to fruition,” said Weaver.

    Tempe’s Urban Core Planning Effort has been underway for the past 18-20 months, focused on projecting development in the City for the next 20 to 30 years, according to Weaver.

    “I’m in the business of building a community and adding to the quality of life in Tempe, and that means making sure these developments relate to the surroundings in a meaningful way,” Weaver said.

    Enos Jr., who serves on the casino expansion owners’ team for GRIC, previewed the Wild Horse Pass Resort multi-phase expansion, including a 200-room tower.

    “The renovation project would add more than 160KSF, with 34KSF of convention space,” Enos Jr. said.

    Current Challenges

    After highlighting their upcoming projects, the panelists discussed current challenges in the hospitality market.

    Creasey touched on construction labor as a central issue, saying, “While wages are relatively stable, productivity is going down, and financial backers just don’t understand that.”

    The panelists agreed that sustainability and sourcing materials is also difficult, with Denzak remarking that, “Our hospitality clients want to see products and materials made in the U.S., meet sustainability goals and hire local consultants.”

    In terms of traffic, resorts are looking at much more modest parking counts, with Denzak attributing that shift to the growth of ride-share services.

    Weaver added, “We have problems convincing folks to accept less parking in Tempe,” saying the goal is to rely on public transportation and get parking spaces down to zero or less than one per hotel key.

    Future Trends

    The consensus among the panelists was the hospitality industry is looking to integrate with the surrounding environment, providing more mixed-use features and an improved guest experience.

    “We are focused on improving design standards so everything comes together seamlessly, essentially creating a community within the community,” said Enos Jr.

    Finally, many of the projects were confidential due to the rise in demand for NDAs.

    “I’ve probably signed more NDAs in last 12 months than I have in the past 10 years,” said Denzak.

    The next Leading Market Series topic will be on Data Centers on November 13th. To check out dates and topics or to register for the next event, visit: http://lms.azbex.com/

    BEX City of Tempe Gila River Indian Community GRIC Leading Market Series LMS Mountain House Lodge Museum Square OMNI Sereno Canyon Swaback Toll Brothers Tutor Perini Building Corp Wild Horse Pass Resort
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025

    Arizona Projects 06-06-25

    June 6, 2025

    Gilbert Council Approves Dev. Services Fee Hike

    June 3, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 20250

    By Roland Murphy for AZBEX The Wolff Company is proposing a mixed-use multifamily and commercial…

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.