Aloft hotel at Glendale’s Westgate district changes hands

Mar 23, 2024, 5:00 AM

The Aloft Hotel in Glendale recently sold to a Chicago-based investment firm. (Hospitality V-Market...

The Aloft Hotel in Glendale recently sold to a Chicago-based investment firm. (Hospitality V-Marketing)

(Hospitality V-Marketing)

Several years after it was built, the 100-room Aloft Glendale at Westgate hotel has traded hands for nearly $24 million.

The asset was acquired in March by Chicago-based Bradford Allen Hospitality Investments. It was by sold by Branson, Missouri-based HCW Development, according to Maricopa County land records. The down payment was $1.25 million.

HCW developed the Aloft hotel in 2017 at a cost of $12.5 million, the Phoenix Business Journal previously reported. It opened in 2018.

Located at 6920 N. 93rd Ave., the hotel has four stories and totals nearly 55,000 square feet.

Bill Murney, an executive managing director for Cushman & Wakefield’s hospitality team, represented HCW Development in the sale.

“This is a highly desirable hospitality location in the Westgate Entertainment District,” Murney said in a statement.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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Aloft hotel at Glendale’s Westgate district changes hands