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Mayo-area hotel project secures $70.85 million construction loan

Phoenix viewed from the surrounding hills
Phoenix viewed from the surrounding hills. Area context photograph; the business or event in this story is not pictured. Photo: Bigmikebmw · CC BY-SA 3.0

JLL announced November 2 that it arranged $70.85 million in construction financing for Hotel Six Four, Mayo Blvd, a planned 257-room hotel development near Mayo Clinic in north Phoenix. Plaza Companies and Fayth Hospitality plan 133 Tapestry Collection by Hilton rooms and 124 Homewood Suites rooms on an 8.15-acre site. Plans include a restaurant, cocktail bar, meeting space and outdoor pool. JLL lists an expected 2028 opening; the financing announcement does not establish that the hotel is open or construction is complete.

This brief records the information reported on Nov 3, 2026. Opening dates and operating details may have changed.

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This sourced brief summarizes information from JLL ↗. Follow the original coverage for additional reporting and context.

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