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Trez Capital Closes More Than $10MM in Construction Financing for a 116-Room Fairfield Inn & Suites by Marriott in Tolleson
Recently, Trez Capital announced the closing of more than $10MM in financing to Phoenix-based Virtua Partners. This loan will finance a 116-room Fairfield Inn & Suites by Marriott in in Tolleson (West Phoenix).
By: Trez Capital
"Tolleson is a thriving employment center in the west Phoenix area that hosts several large commercial and industrial employers and we're pleased to help fund the Fairfield Inn and Suites to serve both business and leisure travelers," said John D. Hutchinson, president of Trez Capital. "We have provided commercial real estate financing for numerous projects across Arizona."
The hotel, which is slated to open in late summer of 2019, will have the latest design elements from the Marriott brand, including a new décor package. In addition to a fitness center and pool, the hotel will also feature amenities for the business traveler like free Wi-Fi, an in-room ergonomic desk and chair and an on-site business center. Hotel Equities will manage the hotel once it opens next year.
About Trez Capital
Trez Capital (http://trezcapitaltexas.com/