Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GLENDALE, AZ-The local developer of the Westgate City Center has sold nine acres to a Midwest company to develop three hotels, totaling 450 rooms. The first project, a 149-room Hampton Inn & Suites fronting Loop 101 has just broken ground, with completion timed for year’s end to take advantage of the Tostitos Fiesta Bowl and Super Bowl XLII.

Local experts say land costs in the area hover $17 per sf, which would factor out to $6.6 million for the site at 6630 N. 95th Ave. The exact cost isn’t available for the direct deal between Westgate developer Ellman Cos. and the North Central Group of Madison, WI.

A spokeswoman with the North Central Group tells GlobeSt.com that the company is in discussion with other hotel brands for the other projects, but nothing concrete has been decided. She says the other two hotels could come on line within one to three years.

Brian Rosella, senior associate with Grubb & Ellis/BRE Commercial LLC’s land division, says the North Central Group is getting into the market with its hotel developments at a good time. Not only is the area around Westgate developing quickly, but the West Valley submarket in general is growing fast.

“There are a lot of events going on out there besides just the bowl games,” explains Rosella, who is uninvolved with the North Central Group deal, but is working on behalf of Rightpath to acquire nearby land for major league baseball spring training facilities and a general entertainment venue. Additionally, the hotels are attractive to those attending activities further west of the area. “The Nascar track is in Avondale,” he adds. “That’s two major races a year plus smaller stuff throughout the year.”

Rosella says non-sports events like conventions also mean the hotel developments are logical. “There isn’t any risk of overbuilding, right now,” he adds. “If they’re going at it this early in the game, they’ll be part of the first few going up so they’ll do all right.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.