The silver towers of the SunCor Hayden Ferry Lakeside mixed-use development on Tempe Town Lake just east of Mill Avenue soon will include a high-end high-rise hotel, SunCor Development Co. vice president Randy Levin said.
But it won’t be the luxury Le Meridien hotel that Starwood Hotels and Resorts Worldwide Inc. had been promising until recently.
Levin said he is not yet prepared to say what hotelier will now put up the building
“There will soon be a big announcement, and the hotel is going to be spectacular,” he said.
Since the beginning of SunCor’s lakeside development, a hotel was in the picture. But in recent months, some wondered whether there would be any hotel at all after Starwood backed out. Adding hotel space in the downtown Tempe area has been a priority for both city planners and developers in recent years. Now the $100 million-plus hotel will be put up by a company being lined-up by SunCor development partner Tod Decker, president of Scottsdale-based Valhalla Development Group. He said plans for a hotel to replace Le Meridien are going forward “full throttle.”
“It will be a four star, four diamond hotel, a beautiful hotel, and we have the land and will break ground in December,” Decker said. “It’s going to happen.”
Levin called the project “an A-plus site in an A-plus location with an A-plus flag company to put it up.”
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