FINANCED
EKN Development Group Secures $24.5M Construction Loan For 145-Key Hotel In Tempe, AZ
2222 South Priest Drive & 5223 South Priest Drive
Hotel
Financed 1 year ago
Summary
Loan
ARIZONA
Hotel
A hotel property located at 2222 South Priest Drive & 5223 South Priest Drive in Tempe, AZ has been involved in a closed transaction. The property consists of 145 keys and is owned by EKN Development Group.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $24,500,000
- Date: 07/08/2022
- Market: Tempe, AZ
The loan for this transaction was provided by Hall Financial in the amount of $24,500,000. The loan type is construction and the terms of the loan were not disclosed. Jillian Mariutti and Bob Tonnessen from JLL Capital Markets represented the buyer and seller in this transaction.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jillian Mariutti & Bob Tonnessen
DATE: 07/08/2022
ADDRESS: 2222 South Priest Drive & 5223 South Priest Drive
MARKET: Tempe, AZ
ASSET TYPE: Hotel ~ KEYS: 145
LENDER: Hall Financial
LANDLORD: EKN Development Group
BROKERS: Jillian Mariutti (@JillianMariutti_Nieder_CRE) & Bob Tonnessen - JLL Capital Markets
LOAN AMOUNT: $24,500,000
LOAN TYPE: Construction
LOAN TERMS:View on map
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Address2222 South Priest Drive & 5223 South Priest Drive
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