Originally Published: May 4, 2007 4 a.m.
PRESCOTT VALLEY - A 118-room, four-story Hampton Inn & Suites will become the first hotel to open in Prescott Valley's emerging downtown area, Fain and Beck family members announced Wednesday.
Brothers Ron and Brad Fain of Fain Signature Group and siblings Dane Beck and Kimberli Beck Lee of the Beck Legacy Group are developing the future hotel site on the northeast corner of Glassford Hill Road and Pav Way.
The mid-priced hotel will cater to families patronizing the nearby Tim's Toyota Center, feature an indoor/outdoor spa, a fitness center, 48 luxurious suites and a meeting room and create 40 jobs, the partners said during a press conference.
Dane Beck said the 700-square-foot meeting room will seat as many as 45 people. The hotel will not have its own restaurant.
The two families plan to submit the final development plan to the Town Council later this month, break ground on the Hampton Inn in June on the 2.4-acre site and open the hotel in the summer of 2008.
"We were very excited to work with the Fain family," said Dane Beck, who graduated from Prescott High School in 1996. Beck said the Hampton Inn will cover 69,000 square feet and be a maximum of 65-feet high.
"This will not be a convention hotel," he said. "We believe it will be a perfect place for families visiting the area."
Beck said the Beck and Fain families have known each other for more than 20 years.
"What is nice about the Beck family is their (business) interests are very similar to ours," Ron Fain said." We are both on the same page."
Beck family members have worked with Hampton Inn officials for more than a year, Dane Beck said. Hampton Inn is a brand of Hilton Hotels with headquarters in Beverly Hills, Calif.
Hampton Inn officials were unavailable for comment.
The Hampton Inn will join a mix of businesses in the Entertainment District that includes the event center, restaurants and a movie theater, all within walking distance of the hotel.
"It is going to be a nice fit into our downtown," Ron Fain said.
Prescott Valley's economic development manager, Greg Fister, said the town currently has fewer than 200 hotel rooms.
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