Located in the rapidly expanding city of Casa Grande, Arizona, this project represents a strategic ground-up hospitality development positioned within one of the Southwest’s fastest-growing industrial and logistics corridors. The development will feature a 96-suite Atwell Suites by IHG, a premium all-suites concept designed for business and extended-stay travelers seeking flexible, modern accommodations.
- Development Profile:
- Planned as a new construction 96-suite hotel operating under the Atwell Suites by IHG brand.
- Situated on a 2.5-acre site at 238 N. Camino Mercado, Casa Grande, AZ, with direct visibility and frontage along Interstate 10.
- Project designed to cater to increasing demand generated by industrial expansion, manufacturing growth, and regional business travel throughout the Casa Grande market.
- Strategic Location Advantages:
- Conveniently accessible from Interstate 10 via Florence Boulevard, one of the city’s primary commercial corridors.
- Surrounded by major retail and dining destinations including Starbucks, Dutch Bros, In-N-Out Burger, Walmart, Fry’s, and Home Depot, enhancing convenience for both business and leisure travelers.
- Casa Grande continues to attract significant investment from major employers including Lucid Motors, LG Energy Solution, Abbott Nutrition, Frito-Lay, and Hexcel Corporation, driving sustained lodging demand in the region.
- Development & Investment Highlights:
- Groundbreaking is planned for September 2026, with an estimated 24-month construction timeline.
- Total projected development cost estimated at approximately $14.6 million, including construction, FF&E, land acquisition, and development-related expenses.
- Projected stabilization value estimated at approximately $17.25 million, demonstrating strong long-term value creation potential.
- Revenue projections anticipate continued growth over the first five years of operation as the market expands and the property stabilizes.
- Brand & Hospitality Positioning:
- Atwell Suites by IHG is a modern upper-midscale all-suites concept designed to provide flexible spaces for working, meeting, and relaxing. (ihg.com)
- The development will benefit from access to the global IHG Hotels & Resorts distribution network and the IHG One Rewards loyalty platform.
- The project is intended to serve a growing mix of corporate travelers, project-based workforce demand, manufacturing executives, and long-stay guests visiting the Casa Grande and Phoenix corridor.
- Project Timeline:
- Land Acquisition: July 2022
- Development Type: Ground-up new construction
- Brand: Atwell Suites by IHG
- Hotel Size: 96 suites
- Planned Groundbreaking: September 2026
- Estimated Construction Timeline: 24 months