EKN Development Breaks Ground on the Fairfield Inn and TownePlace Suites at Tempe Market Station
EKN Development (EKN), along with our brand partners at Marriott, FKRR Architects, and Porter Brothers Construction, broke ground on the Fairfield Inn and TownePlace Suites at Tempe Market Station in Arizona. EKN, in conjunction with JLL Capital Markets, secured $24.5 million in construction financing for the project.
EKN Development recently celebrated the start of construction with a groundbreaking ceremony. Ebbie Nakhjavani, Mike Jolly and other members of EKN Development, Jake Bodell of FFKR Architects, Chase Porter of Porter Brothers Construction, Lance Henderson of Marriott, and EKN’s financial partners were all in attendance.
The Fairfield Inn and TownePlace Suites by Marriott is a dual-branded, 148-key hotel. Among the usual amenities, this project boasts a well-appointed lounge that opens to the pool area and features a floating stage for live music. Just 15 minutes from Phoenix International Airport, the select-service, dual branded hotel is conveniently located near the Mayo Clinic Sports Medicine Center, the Chicago Cubs Training Stadium (Sloan Field), and Arizona State University, placing the Fairfield Inn and TownePlace Suites in an ideal position to serve the millions of tourists that visit Tempe every year.
“We’ve been eagerly looking forward to starting this project for some time,” says Ebbie Nakhjavani, President and CEO of EKN Development. “As one of few hotels to secure funding in this post-Covid climate, we are proud to join Tempe’s community and provide convenient and comfortable accommodations for visitors.”
The Tempe Market Station Fairfield Inn and TownePlace Suites is anticipated to open in October 2023.