The Hampton Group Secures $141M Loan For IKONIC Scottsdale Hotel From Bank OZK
16640 North Scottsdale Road
$141,000,000
Units
245
Asset Type
Hotel
Closing
Jun 5, 2026
About this deal
AI
The property involved in this transaction is a hotel located at 16640 North Scottsdale Road in Scottsdale, AZ. The asset type is a hotel consisting of 245 units and is set to be constructed as a luxury apartment tower with 14 stories. The financing for this project amounts to $141,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $141,000,000
- Market: Scottsdale, AZ
- Units: 245
- Lender: Bank OZK & Related Fund Management
- Landlord: The Hampton Group
- Brokers: Drew Fletcher, Bryan Grover & Jesse Kopecky - Greystone
- Loan Type: Construction
The Hampton Group secured the construction financing for the IKONIC Scottsdale project, utilizing a senior mortgage from Bank OZK along with mezzanine debt from Related Fund Management. The brokers representing this deal are Drew Fletcher, Bryan Grover, and Jesse Kopecky from Greystone.
Players
Scottsdale Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93