McCarthy Building Cos. buys vacant 270-room DoubleTree by Hilton Tempe for $27.5M ($101k/room) to create training campus

1/26/2026

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Phoenix Business Journal

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• Subcategory: Hospitality: Hotel

• Tag: Adaptive Reuse | Conversion | Sale

• Additional Filters-Subcategory: Office: Garden

• Additional Filters-Tags: Sale: Owner/User, Sale: Single Property

• Company: Driftwood Capital, Cushman & Wakefield (NYSE: CWK)

Highlights
McCarthy Building Cos. acquired DoubleTree by Hilton for $27.5M
270-room Tempe hotel will become an employee development center
12-acre campus will offer lodging, training and gathering spaces

Driftwood Capital

Martin Pinsker | VP, Acquisitions

[email protected]

305-500-9900

Arizona

Hospitality

McCarthy Building Cos. buys vacant 270-room DoubleTree by Hilton Tempe for $27.5M ($101k/room) to create training campus

Driftwood Capital

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