Investment is a fee simple interest in the development of a Hilton Tempo lifestyle-boutique hotel located within a 100+ acre mega mixed-use development in Paradise Valley, Arizona.
The hotel will feature 190 guestrooms, an expansive two-story lobby/lounge area, a rooftop restaurant and bar, and 500 square feet of meeting and banquet space
Opportunity
Mega Mixed-Use Development - The proposed Hilton Tempo, with its unique location within a mega mixed-use development, is positioned well above the competition in terms of RevPAR index potential.1 The master development will be a mecca of dining, entertainment, hospitality, office, residential, and retail experiences in the heart of the community. Currently there are 11 signed F&B options within very short walking distance of hotel with many more to follow.2
Growth Market - Driven by accelerated leisure demand, Phoenix is the 2nd Highest RevPAR Growth Market in the Nation of the top 25 Lodging Markets3