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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

Following the deaths of five people in a shooting at an Airbnb rental in California, CEO Brian Chesky said the platform was “banning party houses.”

The new properties in Phuket and Pattaya will add nearly 1,550 guestrooms to the company’s Thai portfolio between late 2020 and 2024.

The Radisson Blu Hotel, Casablanca City Center is Radisson Hotel Group’s second property in Morocco.