EKN Development Secures $24.5M Construction Loan For Tempe Hotel | 1921 East Rio Salado Parkway & 117 South Perry Lane | Jillian Mariutti | Hotel | Loan

Summary

Loan

ARIZONA

Hotel

An EKN Development-owned hotel located at 1921 E Rio Salado Pkwy & 117 S Perry Lane in Tempe, AZ has secured a construction loan of $24,500,000. The hotel comprises 148 keys and is part of a new development project.

Summary of transation details

Property Type: Hotel
Transaction Amount: $24,500,000
Address: 1921 E Rio Salado Pkwy & 117 S Perry Lane, Tempe, AZ
Market: Tempe, AZ
Asset Type: Hotel
Keys: 148

The loan has been provided in the form of a construction loan. Jillian Marietta from JLL Capital represented the landlord, EKN Development, in this transaction.

Read Less

Players

All
2

Agents
1
Agencies
1

Jillian Mariutti

Director

$136.3M Sold

Details

Deal Summary

FINANCED

IMAGE: Jillian Marietta DATE: 07/22/2022 ADDRESS: 1921 E Rio Salado Pkwy & 117 S Perry Lan MARKET: Tempe, AZ ASSET TYPE: Hotel ~ KEYS: 148 LANDLORD: EKN Development BROKER: Jillian Marietta - JLL Capital LOAN AMOUNT: $24,500,000 LOAN TYPE: Construction loan

View on map

Address1921 East Rio Salado Parkway & 117 South Perry Lane

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want