The lobby of the $80 million dual-branded Courtyard and Residence Inn in downtown Phoenix.

AN $80 MILLION dual-branded Marriott hotel project opened on May 10 in downtown Phoenix, Arizona.

The project is significant on many counts. The hotels are owned and managed by an Asian American corporation. In addition, the contribution of $27.5 million in foreign investment is managed by another firm co-founded by Asian Americans.

The 20-story project combines a 120-room Courtyard and 200-suite Residence Inn. They are owned and managed by Hansji Corp. of Anaheim, California. Rajan Hansji, president and CEO is of Hansji, is the son of the company’s founder, Shirish Hansji, who started the business in 1974 with a 26-room motel.

Foreign investment came to the hotel project by way of the Green Card Fund, an EB-5 regional center in Phoenix established six years ago by Girish Patel, Dan Rama and Kyle Walker.

The hotels anchor Hansji’s mixed-used development called Luhrs City Center, which local officials hope will revitalize a moribund neighborhood. The project comes with a promise of a new tomorrow not only for downtown Phoenix but for hundreds of workers and 55 immigrant investors seeking a fresh start in the U.S. The hotel project created 650 jobs.

The property features an indoor swimming pool and whirlpool spa, a fitness center and 5,733 square feet of meeting space to accommodate functions of up to 270 people.

Located in the heart of downtown and 10 minutes from Sky Harbor International Airport, the hotels offer direct access to the Phoenix Light Rail System. It is within walking distance to the Phoenix Convention Center, Phoenix Symphony Hall, Herberger Theatre, Comerica Theatre, Orpheum Theatre and the Arizona Science Center. The properties are the closest hotels to the Talking Stick Arena and Chase Field. The Phoenix Art Museum is also nearby.