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Avondale council adopts notice of intent for proposed Embassy Suites hotel; lease‑to‑purchase deal expected
Summary
Council voted to adopt a notice of intent required by state law for a proposed 180‑room Embassy Suites and conference center; staff said a development agreement and lease‑to‑purchase will return for final council action.
The Avondale City Council on Oct. 6 adopted a notice of intent (NOI) to enter into an economic development tax‑incentive agreement with Web Avondale Investments LLC for a proposed full‑service Embassy Suites hotel and conference center, a step city staff said is required by state law before approving the final agreement.
The proposed project described in the staff presentation is a six‑story, full‑service Embassy Suites with roughly 180 rooms and about 10,000 square feet of conference and meeting space. Staff described the transaction as a 7.5‑year lease‑to‑purchase arrangement: an initial construction/phase period, followed by operational years with escalating lease amounts and a commitment that…
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