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.

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