Le Meridien Hotel to Anchor New Arizona Development - 2006-09-01

Tempe, Arizona will be home to the new Le Meridien Hotel at Tempe Town Lake. Located within the Hayden Ferry Lakeside development just east of Mill on Rio Salado Parkway. The new 14-story hotel will have 183 rooms, a restaurant, spa and meeting space.

The Hotel will also house 44 residential units on top of the property with access to Le Meridien amenities. Currently, an eight-story, 209,000-square-foot office building anchored by Smith Barney, and the eight-story, 40-unit condominium Edgewater at Hayden Ferry Lakeside are up and in use. Also in the works is one other office building as well as 3 more condo projects.

The project is scheduled for completion in early to mid-2009.