JACKSON-SHAW AND HOLUALOA COMPANIES ANNOUNCE DEVELOPMENT OF DUAL-BRANDED HOTEL IN NORTH PHOENIX

AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra expected to break ground in May 2024 and open late 2025

PHOENIX, ARIZONA (April 15, 2024) – North Texas developer Jackson-Shaw and Tucson-based Holualoa Companies announce the development of dual-branded AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra. The two hotels connected under one roof are located close to the Shops at Norterra at 25100 North 22nd Lane, Phoenix, Arizona 85085, near the northeast corner of West Happy Valley Road and Norterra Parkway. The property is expected to break ground in May 2024 and open in late 2025.

“Jackson-Shaw and Holualoa Companies have a proven track record of success developing high-profile Marriott Bonvoy brands in the Phoenix market, including the Element Hotel at SkySong in Scottsdale and the AC Hotel Phoenix Biltmore at Camelback Collective,” says Jackson-Shaw Senior Vice President of Hospitality Joe Blewitt. “Both companies know that Phoenix is a popular destination for leisure and business travelers, especially now with the development of the $65 billion Taiwan Semiconductor Manufacturing Company site and supplier plants.”

Together, sharing one address, the four-story development will feature a total of 274 high-quality guest rooms. At the AC Hotel by Marriott North Phoenix at Norterra, 179 guest rooms feature the brand’s clean and simple design aesthetic that marry sophisticated European style with a distinct modern feel. The Element by Westin North Phoenix at Norterra includes 95 rooms, offering the essentials of balanced travel for the longer-stay guest without compromising comfort and design.

The development will feature 8,000 square feet of flexible meeting space, two deluxe suites, two group communal rooms, a state-of-the-art fitness center and a resort-style courtyard with a saline pool, heated spa and event lawn. The 160,133-square-foot building is on three acres. It is expected to provide 60 full-time and 20 part-time jobs.

“We’re excited to bring the best-in-class hospitality experience to the beautifully planned and thriving Norterra neighborhood. The dual-brand hotel has been designed to serve the North Black Canyon Corridor business demand, which is being supercharged by the new TSMC plant and its adjacent support companies,” says Holualoa Companies Chief Investment Officer Aroon Chinai. “As a result, much consideration of the location’s diverse needs has been integrated into the design and experience.”

The hotel is being developed in partnership by Jackson-Shaw and Holualoa Companies. Simmons Bank is providing construction financing, Layton Construction is the general contractor, Cooper Carry is the architect and DiLeonardo is the interior designer.

AC HOTEL BY MARRIOTT NORTERRA AND ELEMENT BY WESTIN NORTERRA RENDERINGS

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ABOUT JACKSON-SHAW

Jackson-Shaw is a national real estate developer headquartered in North Texas with vast experience mixing practical knowledge with solid entrepreneurship. Since its founding in 1972, the company has developed more than 63 million square feet, including hospitality and industrial projects. Diverse markets where Jackson-Shaw develops include Dallas, Fort Worth, Austin, Houston, San Antonio, Charlotte, Denver, Las Vegas, Scottsdale, Phoenix, Jacksonville and Washington, D.C. Visit JacksonShaw.com.

ABOUT HOLUALOA COMPANIES

Holualoa Companies is a real estate investment firm focused on the successful development, acquisition, repositioning and disposition of real estate assets. Holualoa actively seeks opportunities that improve neighborhoods, create jobs and enhance communities. The company is a driving force behind a number of award-winning projects. Headquartered in Tucson, Arizona, with offices in Phoenix, Los Angeles, Hawaii and Paris, France, its investments span the United States and Europe and include office, retail, industrial, multifamily, self-storage and hotel properties. For more information, visit holualoa.com.

ABOUT AC HOTELS BY MARRIOTT®

AC Hotels includes over 225 hotels in 33 countries and territories. At AC Hotels, every moment has been designed, refined, crafted and considered to create a seamless guest experience. Each AC Hotel features purposefully designed signature spaces that strike the perfect balance of form and function. Most notably, the AC Lounge® invites guests and locals alike to collaborate during the day, or to enjoy signature cocktails and tapas in the evening. The AC Kitchen offers a European-inspired breakfast each morning. All AC guest rooms and public spaces evoke a particular sophistication, featuring sleek furnishings, curated artwork and intuitive technology. The brand is dedicated to the details that matter most to guests during their travels with a mission to deliver The Perfectly Precise Hotel™ experience. For more information, visit www.ac-hotels.com and follow along on Facebook, Twitter and Instagram. AC Hotels is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

ABOUT ELEMENT BY WESTIN®

With nearly 100 hotels across North America, Europe, Middle East & Africa and Asia Pacific, Element Hotels is designed for today’s healthy, active traveler who wants to maintain the balance of daily routines while on the road. Offering many of the comforts of home, Element caters to those looking to stay both short and long-term. All hotels have an outdoor-inspired, sustainability-focused design philosophy and feature spacious and airy guest rooms with in-room kitchens and spa-inspired bathrooms. The brand’s signature amenities include a complimentary healthful Rise breakfast and a Relax evening reception. Always prioritizing guest wellness, all hotels are equipped with 24/7 Motion Fitness centers, all-natural saline pools and a Bikes to Borrow program. Further increasing flexibility and convenience for small groups, Element now offers Studio Commons, a one-of-a-kind room concept with private communal space to cook, convene, or relax together. For more information, visit www.elementhotels.com and follow along on Facebook and Instagram. Element is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

ABOUT MARRIOTT BONVOY®

Marriott Bonvoy, Marriott International’s portfolio of more than 30 hotel brands and 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

MEDIA CONTACT

Randy E. Pruett

214.505.1685 Mobile

randy@randyepruett.com