Construction begins on The Westin Tempe
Real Estate, AZRE, Jan 2018
The Westin Tempe has officially broken ground in the heart of Downtown Tempe on Seventh Street between Mill and Myrtle avenues. Developed by Las Vegas-based CAI Investments, the 18-story Westin Tempe will be a full-service business hotel. Participants in the ceremony included CAI Founder Christopher Beavor, Tempe Mayor Mark Mitchell, Darin Sender of Sender Associates, and Vice President of Lodging Development for Marriott International, Inc., Tiffany Cooper.
The multi-million-dollar hotel sits on a +/- .85-acre parcel in the heart of Downtown Tempe. The 18-story, 290-room hotel is planned to feature state-of-the-art guest rooms and corridors, with custom-designed elements and artwork, as well as energy conservation practices. The Westin Tempe hotel will also feature a rooftop pool lounge, the brand’s signature WestinWORKOUT fitness studio, full-service restaurant, and coffee shop. Additionally, more than 14,000 square feet of convention space and meeting rooms will be a magnet for events in the Tempe area. With Westin’s signature wellness initiatives offered for travelers and local residents alike, the hotel is poised to set a new standard for well-being in the region.
“We are honored to be able to partner with Westin Hotels to bring a top of the line, full-service hotel to the growing Downtown Tempe business district,” said Christopher Beavor, founder and manager of CAI Investments.
The building, designed by RSP Architects, will incorporate materials of brick, steel and glass. The planned hotel will feature five premium deluxe suites on the 17th floor, and all guestrooms will have a modern look and feel, including custom-designed furniture, carpeting and wallcoverings with bathrooms offering generous counter space and superior lighting.
The highly anticipated property is scheduled to open the third quarter of 2019.
The Westin Tempe will be an incredible addition to the college and business corridors offering world class accommodations to visitors of Tempe. The hotel will stand at 11 E. Seventh St. amid the brilliance of the Arizona State University campus, one of the top five colleges in the nation. The location is walking distance to Sun Devil Stadium, and the Los Angeles Angels of Anaheim’s spring training stadium is a short 10-minute drive and near other spring training facilities. The hotel site will complement the growing headquarters and executive offices of many Fortune 500 companies including: Microsoft, State Farm, Morgan Stanley, KPMG, Silicon Valley Bank and LifeLock.
“Tempe has the second-highest hotel occupancy rate in the Greater Phoenix Metropolitan Area,” Tempe Mayor Mark Mitchell said. “This hotel will bring beautiful, full-service accommodations to the heart of our downtown that will allow us to welcome more people to Tempe and increase tourism revenues for our community. We are proud to welcome The Westin Tempe.”
CAI Investments is the developer of the Westin Tempe. Pinnacle Fund Management is the manager of the syndication and was a vital component in the orchestration, arraigning the financing and equity of this project. Sender Associates, a Tempe-based zoning law firm is handling the entitlements for the project. The architects, RSP Architects are also doing the interior design for the project. A general contractor for the project is yet to be named. Crescent Hotels & Resorts Management has been chosen to be the 3rd party operator for this project, bringing their extensive experience and unrivaled capabilities to ensure the success of this hotel.
