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CAI Tempe Hotel Partners Closes $86.5 Million Construction Loan

TEMPE, Ariz., Aug. 21, 2019 /PRNewswire/ -- CAI Investments, LLC is pleased to announce that it closed the construction loan for the Westin by Marriott hotel in Tempe, Arizona. Construction on the Westin began in March 2019 and the anticipated opening is the second quarter of 2021. The Westin Tempe hotel will also feature a rooftop pool lounge, the brand's signature WestinWORKOUT fitness studio, full-service restaurant, and coffee shop. Headquartered in Las Vegas, Nevada, CAI Investments, LLC is a vertically integrated real estate development company that finances, develops and manages commercial properties in key markets across the United States. For more information on CAI Investments, please visit www.caicap.com, or contact investorservices@caicap.com.

First found on: www.benzinga.com And then on: 1 other references