International Grad School to Build Hotel and Housing

PHOENIX-In an effort to keep pace with its popular executive education program, a Phoenix-based MBA college is planning to lease 77 acres adjacent to its campus for development of a hotel, student housing and other amenities.

Thunderbird, The American Graduate School of International Management, could enter into a memorandum of understanding this week with a developer to lease the parcel next to the campus at the southeast corner of 59th Avenue and Greenway Road in Glendale, says David Howell, VP of marketing and communications for Thunderbird.

The development could include a hotel, office space, a conference center and student housing, he says. The pace of development on the parcel would be up to the developer, but Howell says he would like to see a ground breaking later this year. Thunderbird owns about 160 acres at the intersection.