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ASU Adding Hotel to its Main Street Entertainment District
Arizona State University is adding an upscale hotel in the heart of its Main Street entertainment district. Novus Innovation Corridor will be the site for a seven-story, 116,855-square-foot property that will be part of Marriott Bonvoy’s Tribute Portfolio.
The hotel will feature 168 guest rooms, a rooftop pool and bar, and a 2,700-square-foot meeting space.
Okland Construction will oversee the hotel’s planning, design and construction management.
Sports venue-anchored mixed-use districts are getting national attention for their ability to attract people and increase the value of surrounding properties, and Novus is a leading collegiate example.
ASU is investing more than $150 million in sports venues at Novus, including $55 million in an indoor football practice facility and another $100 million for the modernization of the university’s 51-year-old Desert Financial Arena. That’s on top of the $300 million renovation of Mountain America Stadium and the resounding success of the $140 million, 5,000-seat Mullett Arena.
- ◦Development
