Concord Summit Capital arranged a $12.2 million construction loan, enabling the Sandpiper Group to develop a new ECHO Suites Extended Stay by Wyndham at Chandler Airport Center.
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. Last year, Concord Summit secured financing for an ECHO Suites project in nearby Peoria.
Concord Summit’s Robert Horton, John Choi, and Connor Martz structured the financing.
Horton added, “Chandler Airport Center is a prime location that combines strong corporate demand drivers, a growing residential base, and direct airport proximity. It’s a natural fit for an extended-stay brand that continues to outperform the broader hospitality market.”
ECHO Suites is the fastest-growing extended-stay brand in the U.S., with nearly 270 hotels in its pipeline nationwide.
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