Chandler – San Marcos Hotel LLC, a company formed by Interwest Capital Corp. in La Jolla, Calif. (Shahyar Zayanderoudi, aka: Alex Roudi, manager), paid $11 million ($44,176 per room) to buy the 249-room Crowne Plaza San Marcos Gold Resort. The seller was CP San Marcos LLC, a company formed by Guaranty Bank and Trust Co.. in Denver, Colo. The buyer acquired the hospitality asset with a $14 million loan from the seller. Interwest Capital Corp. intends to make significant upgrades to the resort, which was originally built in 1912. The escrow on the sale was handled through Kristina Hannan of Thomas Title & Escrow LLC in Scottsdale. The resort has 35,000 sq. ft. of meeting facilities, and a full-service restaurant and lounge. There are also 46 casitas that have not been operational.
RLG Senior Project Manager and Chandler resident, Chris Clonts, says, “This is a great facility and the “significant upgrades” will make it that much better. The boost to the Downtown Chandler area is much needed to further the area’s redevelopment. I am excited to see what they do with the property!”
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