CAI Secures Funding for New Tempe Hotel
The investment firm secures $86.5 million in construction financing to build the Westin by Marriott hotel in Tempe.
The 18-story, 290-room hotel is planned to feature state-of-the-art guest rooms and corridors with custom-designed elements and artwork as well as energy conservation practices.
The project broke ground in March and will deliver in 2021.