[ad_1]
A few years after it was built, the 100-room Aloft Westgate Glendale hotel has changed hands for nearly $24 million.
The asset was acquired by Chicago-based Bradford Allen Hospitality Investments in March. The property is being sold by HCW Development of Branson, Missouri, according to Maricopa County land records. The down payment is $1.25 million.
HCW developed the Aloft hotel in 2017 at a cost of $12.5 million, the Phoenix Business Journal previously reported. It opened in 2018.
The hotel is located at 6920 N. 93rd Avenue and has four floors with a total area of nearly 55,000 square feet.
Bill Murney, executive managing director of Cushman & Wakefield’s hotel group, represented HCW Development in the sale.
“This is an ideal hospitality location in the Westgate Entertainment District,” Murney said in a statement.
This article is published in partnership with the Phoenix Business Journal. Click to read the full text.
[ad_2]
Source link