June 30, 2022
The Carlton Group is exclusively engaged with the sponsors of The Blue – a premier development of a 5-star Fairmont Hotel and branded residences in downtown Phoenix (“Project”). The $333 million Project will consist of 230 hotel rooms and 151 condominiums on a site within an Opportunity Zone. The sponsors are an entrepreneurial partnership who already own the site and have assembled a best-in-class team which includes renowned architect Gensler and hotel management company (and owner of the Fairmont brand) Accor Hospitality.
We are requesting $62 million of JV equity to co-invest with the sponsors. A Co-GP structure will also be considered from investors with development expertise.
Attached is the investment memorandum. More info is available upon request.
Paul Wolfson | Director
360 Madison Avenue, 3rd Floor | New York, NY 10017
+1 917.332.2058 Office | +1 914.393.4988 Mobile
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