{"id":1004184608,"date":"2017-07-21T04:00:15","date_gmt":"2017-07-21T12:00:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184608"},"modified":"2022-12-08T16:09:35","modified_gmt":"2022-12-09T00:09:35","slug":"siegel-suites-grows-phoenix-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/siegel-suites-grows-phoenix-footprint\/","title":{"rendered":"Siegel Suites Grows Phoenix Footprint"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004184610\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/m_crandall_NEW.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004184610\" data-attachment-id=\"1004184610\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/siegel-suites-grows-phoenix-footprint\/m_crandall_new-300x300\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/m_crandall_NEW-300x300-e1500638403411.jpg\" data-orig-size=\"300,223\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"m_crandall_NEW-300&#215;300\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/m_crandall_NEW-300x300-e1500638403411.jpg?w=300\" class=\"wp-image-1004184610 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/m_crandall_NEW-300x300-e1500638403411.jpg\" alt=\"Michael Crandall, senior vice president of The Siegel Group\" width=\"300\" height=\"223\" \/><\/a><p id=\"caption-attachment-1004184610\" class=\"wp-caption-text\">Michael Crandall, senior vice president of The Siegel Group<\/p><\/div>\n<p>Real estate investment and management company The Siegel Group Nevada Inc. has completed the purchase of the former Phoenix Days Inn Hotel for $3.4 million. The deal marks the fourth location the company has opened in Arizona since first entering the market in mid-2015.<\/p>\n<p>Located at the 51<sup>st<\/sup>\u00a0Street exit of Interstate 10, the 127-key property encompasses 43,770 square feet distributed across two three-story buildings. The asset located on a 2.3-acre land parcel will be rebranded as Siegel Suites\u00a0Phoenix. The company will immediately commence a renovation program to address maintenance issues. Additionally, the refurbishment will add amenities and improvements characteristic to Siegel\u2019s many other locations.<\/p>\n<h2>The property&#8217;s background<\/h2>\n<p>Back in 2015, the Arizona Department of Transportation acquired the property and consequently closed it as part of the Loop 202 expansion project which upon completion would have added 22 miles of new freeway to the existing Phoenix metropolitan transportation system. However, ADOT subsequently determined that the land was no longer needed, providing Siegel with the opportunity to acquire the asset.<\/p>\n<p>\u201c<em>We remain extremely optimistic about the <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-rising-2\/\">Arizona market<\/a>. Our aggressive national expansion plan includes a strong focus on the state of Arizona<\/em>,\u201d Michael Crandall, senior vice president of The Siegel Group, said in prepared remarks.<\/p>\n<p><em>Image courtesy of\u00a0The Siegel Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has purchased a property which was previously targeted by ADOT\u2019s Loop 202 expansion plans. The firm will rebrand the asset and will undertake an extensive renovation program.<\/p>\n","protected":false},"author":1055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21742,1601,15],"tags":[36877,36866,33679],"class_list":["post-1004184608","post","type-post","status-publish","format-standard","hentry","category-deals","category-hotel","category-latest","category-phoenix","category-west","tag-arizona-department-of-transportation","tag-michael-crandall","tag-the-siegel-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Siegel Suites Grows Phoenix Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/siegel-suites-grows-phoenix-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Siegel Suites Grows Phoenix Footprint\" \/>\n<meta property=\"og:description\" content=\"The company has purchased a property which was previously targeted by ADOT\u2019s Loop 202 expansion plans. The firm will rebrand the asset and will undertake an extensive renovation program.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/siegel-suites-grows-phoenix-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-21T12:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:09:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/m_crandall_NEW-300x300-e1500638403411.jpg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/\"},\"author\":{\"name\":\"Evelina Croitoru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e9e65abbef696b705a028580e04c8c99\"},\"headline\":\"Siegel Suites Grows Phoenix Footprint\",\"datePublished\":\"2017-07-21T12:00:15+00:00\",\"dateModified\":\"2022-12-09T00:09:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/\"},\"wordCount\":231,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/m_crandall_NEW-300x300-e1500638403411.jpg\",\"keywords\":[\"Arizona Department of Transportation\",\"Michael Crandall\",\"The Siegel Group\"],\"articleSection\":[\"Deals\",\"Hotel\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/siegel-suites-grows-phoenix-footprint\\\/\",\"name\":\"Siegel Suites Grows Phoenix Footprint - 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