The Westin Kierland at Scottsdale Road and Greenway Parkway isbeing developed by Starwood Hotels and Resorts Worldwide Inc., aNew York-based hotel owner and operator, Cook Inlet Region Inc.,Woodbine Development Corp. and the Herberger Interests ofPhoenix.

Along with 750 rooms in 12 stories, the hotel will feature60,000 sf of meeting space, a full-service spa and more than 150time-share units. The new Westin is in the heart of northScottsdale, with plenty of retail shops and fine dinning nearby.The hotel site is adjacent to 27- hole golf course.

Developers have been trying to get financing for a new resort inthe Valley for years, but those efforts were undercut by the glutof limited-service hotels that were built there over the pastseveral years. Those lower-end hotels drove down overall occupancyand room rates, making it difficult for developers to find alender.The Westin Kierland found financing with Bank of America,Well Fargo Bank and the Bank of Nova Scotia.