Concord Summit Capital Secures $12.2M Construction Loan for ECHO Suites Hotel in Chandler, Arizona

Concord Summit Capital Arranges Loan for New Hotel

PHOENIX, Arizona—Concord Summit Capital arranged a $12.2 million construction loan for a new ECHO Suites Extended Stay by Wyndham at Chandler Airport Center, located steps from Chandler Municipal Airport and minutes from the business corridor in the Phoenix MSA. The four-story, 124-room project marks the second ECHO Suites Extended Stay in Arizona to be financed by Concord Summit on behalf of The Sandpiper Group of Companies. Last year, Concord …

Concord Summit Capital Secures $12.2M Construction Loan for ECHO Suites Hotel in Chandler, Arizona

CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Hort…