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Jun. 28th, 2006 | 04:55 am
mood: Tired
posted by: oliveurban in azhotels

Scottsdale hotels undergoing extensive modern makeovers
Laura Newpoff
The Business Journal of Phoenix
June 23, 2006

Hotel operators continue to improve their properties in Scottsdale, not only to stay competitive in a hot tourism market, but to complement the ongoing resurgence of the city's downtown.

That area has been hit with a flurry of development activity, including the mixed-used Waterfront project and five other major projects downtown.

To keep pace with the progress, several hotels are getting upgrades.

The former James Hotel, 7353 E. Indian School Road, is being converted by Morgans Hotel Group Co. into the Mondrian Scottsdale. The New York-based company closed on the property in May for a cost of $47.5 million. Plans call for $5 million in improvements to be completed before the end of the year. The hotel has 194 rooms.

The Fairfield Inn, 5101 N. Scottsdale Road, is being converted to the Hotel Scottsdale after being purchased by Scottsdale Venetian Village LLC. The purchaser plans to invest more than $3 million to convert the property into a mid-range boutique hotel. It has 218 rooms.

The Hampton Inn Scottsdale, 4415 N. Civic Center Plaza, is being transformed to the Hotel Indigo brand. The property was purchased for $12.5 million by Everest Hotels II LLC of Scottsdale from Equity Inns Partnership LP of Pennsylvania in an off-market transaction. The five-story hotel will fly the region's first Hotel Indigo flag, which is part of the InterContinental Hotels Group. The property has 126 rooms.

Late last year, The Hotel Valley Ho opened at 68th Street and Indian School Road in the city's downtown after an $80 million makeover. One block east of Scottsdale and Camelback roads, the W Scottsdale Resort & Spa has added 225 rooms to the lodging market. And a Ritz-Carlton Resort has been proposed near Lincoln Drive and Scottsdale Road.

The Caleo Resort & Spa, 4925 N. Scottsdale Road, late last year was sold to Kimpton Hotels & Restaurants Group LLC.

Hyatt Place is opening in Scottsdale in August. The new brand is a result of Global Hyatt Corp.'s acquisition of the AmeriSuites hotel chain in January 2005.

According to the Scottsdale Convention & Visitors Bureau and Smith Travel Research, occupancy has been on the rise every year since 2001. Last year's occupancy number was 70.4 percent and, for the first three months of 2006, occupancy numbers are up from the comparable quarter a year earlier.

Room rates also are up. For March, the average rate for a room in Scottsdale was $217.46, compared with $192.91 for the same month in 2005.

"The investment these well-respected hotel brands are making in the Scottsdale market speaks volumes about their faith in our destination," said Laura McMurchie, vice president of communications at the Scottsdale Convention & Visitors Bureau.

Get connected:
Mondrian Scottsdale: http://www.mondrianscottsdale.com

Hotel Valley Ho: http://www.hotelvalleyho.com

Caleo Resort & Spa: http://www.caleoresort.com

Hyatt Place: http://www.hyattdevelopment.com/hp_main.html

InterContinental Hotels Group (Hotel Indigo): http://www.ihgplc.com

Scottsdale Convention & Visitors Bureau: http://www.scottsdalecvb.com

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