JLL secures $29-million loan for Wigwam Resort

On behalf of JDM Holdings, JLL announced the firm has secured a $29 million loan for Wigwam Resort, a 331-room hotel located in Litchfield Park, Ariz., a suburb of Phoenix. East West Bank provided the floating-rate loan.

Managing Director Dustin Stolly, Senior Vice President Mike Huth and Vice President Aaron Niedermayer led the JLL team on the transaction.

The resort totals 460-acres and features 45,000 square feet of indoor meeting space, 55,000 square feet of outdoor meeting space, an Elizabeth Arden Spa, four food and beverage venues, four swimming pools and three 18-hole golf courses.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.