CAI Tempe Hotel Partners Closes $86.5 Million Construction Loan

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TEMPE, Ariz., Aug. 21, 2019 /PRNewswire/ — CAI Investments, LLC is pleased to announce that it closed the construction loan for the Westin by Marriott hotel in Tempe, Arizona. Construction on the Westin began in March 2019 and the anticipated opening is the second quarter of 2021. “We are pleased…


CBRE Hotels Arranges Sale of Wyndham Bay Point Resort in Panama City Beach

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Panama City Beach, Florida – May 27, 2014 – CBRE Hotels arranged the sale of the 319-room Wyndham Bay Point Resort, a 235,032-square-foot property located at 4114 Jan Cooley Drive in the Bay Point Resort Golf Club, along Saint Andrew’s Bay in Panama City Beach, Florida. CAI Investment Series 2,…


Las Vegas Welcomes First Delta Hotels By Marriott During Groundbreaking Ceremony

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LAS VEGAS , July 10, 2019 /CNW/ — On Wednesday, June 26 , CAI Investments broke ground on the future site of Las Vegas’ first Delta Hotels by Marriott, located at 3883 West Flamingo Road. To celebrate the project, Clark County Commissioner Michael Naft , CAI Investments’ founder, Christopher Beavor…


Retail Market Heats Up in Las Vegas

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Two national chains scoop up land parcels in Las Vegas at strong 3.7% and 4.1% cap rates. The retail market is heating up in Las Vegas. CAI Investments has developed and sold two of the land parcels in its larger 3883 Flamingo Center mixed-use project in Las Vegas, which will…


New restaurants, apartment and hotel being built next to Palms Casino

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The Palms Casino is getting a new neighbor. Developers are working on a new project that will include restaurants, apartments and a hotel. Christopher Beavor, CEO of CAI Investments, said more industries are moving out of the area, making room for projects like his. He showed FOX5 renderings of the…


Chick-fil-A, mixed-used project coming near Palms in Las Vegas

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Construction of a mixed-use project next to the Palms is underway, with Chick-fil-A, an upscale hotel and a luxury apartment complex set to start taking shape this year, developers said. Source: https://www.reviewjournal.com/business/chick-fil-a-mixed-used-project-coming-near-palms-in-las-vegas-1606798/


Del Taco Celebrates Grand Opening of Goodyear Location with Ribbon Cutting Ceremony

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Lake Forest, CA  (RestaurantNews.com) WHAT: Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant* (MQSR), is celebrating the official grand opening of its newest Arizona location in Goodyear (1901 North Pebble Creek Parkway) with a ribbon cutting ceremony. The celebration kicked off with a visit…


17-story hotel under construction next to Palms on Flamingo Road

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Construction is underway on a 17-story non-gaming hotel on Flamingo Road, next door to the Palms resort just west of the Las Vegas Strip. The project, called 3883 Flamingo, sits on almost 9 acres and will include multifamily housing and retail, according to the developer, CAI Investments, which hosted a…


290+ Room Westin Planned for Tempe

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By Roland Murphy for Arizona Builder’s Exchange Tempe’s Development Review Commission will consider plans for a new 18-story Westin Hotel at 11 E. 7th St. at its Sept. 26th meeting. The project will feature between 260-290 rooms, 1,800SF of retail space, 1,400SF of restaurant and 12KSF of conference area. The…


No More of a ‘Build it And They Will Come’ Aspect of Retail

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LAS VEGAS—There is no longer a “build it and they will come” aspect for retail development. So says Christopher Beavor, CEO of CAI Investments. GlobeSt.com visited the CAI Investments booth last week at ICSC RECon and discussed trends in the retail space and how the industry is changing. Beavor tells…


New Westin hotel in downtown Tempe breaks ground

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PHOENIX – The construction of a new 18-story, 290-room Westin Hotel is officially underway in downtown Tempe after a ground-breaking ceremony took place on Thursday. According to a press release, the Westin Tempe will be a full-service business hotel with state-of-the-art guest rooms, a modern look and custom finishes throughout…


Construction begins on The Westin Tempe

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The Westin Tempe has officially broken ground in the heart of Downtown Tempe on Seventh Street between Mill and Myrtle avenues. Developed by Las Vegas-based CAI Investments, the 18-story Westin Tempe will be a full-service business hotel. Participants in the ceremony included CAI Founder Christopher Beavor, Tempe Mayor Mark Mitchell,…


Veterans in Franchising: Chris Beavor

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Del Taco franchisee Chris Beavor highlights how serving in the U.S. Air Force helped prepare him to become a successful entrepreneur. For Chris Beavor, it was the ability to serve his country that first inspired him to join the U.S. Air Force. However, he also knew that the experience and…


Where is Las Vegas on the business cycle? Six experts weigh in

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Positive economic news continues through early 2018, furthering a trend from last year’s strong stock market and employment numbers. Locally, hotels are adding convention space and remodeling rooms, the Fontainebleau and Alon deals generated buzz on the Strip and construction cranes are rising at the Resorts World site. Southern Nevada…


CAI to Develop Mixed-Use Retail in Vegas

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The developer of the upcoming shopping center has already signed pre-leases with national tenants, and plans to re-sell or develop the remaining square footage. An entity controlled by CAI Investments has acquired $15.2 million in senior debt for the development of a new shopping center in Las Vegas. Calmwater Capital…


CAI Investments breaks ground on shopping center

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CAI INVESTMENTS TO ROLL OUT RETAIL AND RESTAURANT SPACE On Dec. 15, CAI Investments broke ground on a new multimillion dollar development project, 3883 Flamingo Center LLC, scheduled to open mid-2018. Alongside CAI Investments’ founder, Christopher Beavor, Clark County Commissioner Steve Sisolak, unveiled the project rendering and plans to develop…


Construction is underway at long-vacant property next to The Palms

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Construction is now underway in metro Las Vegas at the long-vacant property next to The Palms casino/resort and across Flamingo Road from the Gold Coast. Developers say its plans call for a 17-story non-gaming hotel, a residential component and a retail element just west of the Las Vegas Strip. Christopher…


Las Vegas developer launches hotel tower-apartments project

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SOURCE: https://www.reviewjournal.com/business/las-vegas-developer-launches-hotel-tower-apartments-project/ A local developer kicked off a project that would bring a hotel tower, eateries and an apartment complex next to the Palms. CAI Investments founder Chris Beavor held a groundbreaking Friday for the mixed-use project at the southwest corner of Flamingo Road and Valley View Boulevard, a mile…


Southern Nevada apartment development turns to urban neighborhoods

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By ELI SEGALL LAS VEGAS REVIEW-JOURNAL Las Vegas’ apartment boom has brought numerous projects to the suburbs, with properties offering loads of amenities and higher-than-usual rents. Now, amid talk that developers have been overbuilding, some are turning to areas that got ignored in recent years: urban neighborhoods. Rental projects are…


Pig farm, Loft 5 among top Las Vegas real estate deals of 2016

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By ELI SEGALL LAS VEGAS REVIEW-JOURNAL Las Vegas’ never-boring real estate market didn’t disappoint in 2016. Here’s my list of the top 10 deals of the year, in no particular order: ADVERTISING inRead invented by Teads 1. Pig farm Bob Combs launched a business feeding casino food scraps to pigs…