Virtua Partners and Hotel Equities Break Ground on the First-Ever Opportunity Zone Project

Virtua Partners and Hotel Equities Break Ground on the First-Ever Opportunity Zone Project

Press Releases, Resources
The new development sets the stage for implementation of the Opportunity Zone program SCOTTSDALE, Az. – (February 1, 2019) – Virtua Partners, the Scottsdale-based private equity firm, and its management partner Hotel Equities, marked a new chapter today for the Opportunity Zone program. Local officials, community leaders and project partners gathered to celebrate the groundbreaking of the new 130-room Springhill Suites by Marriott being constructed in the Phoenix suburb of Avondale. In addition to being a first mover, Virtua Partners is leading the charge to ensure that the Opportunity Zone program provides the economic and social benefits promised to local communities. To that end, Virtua Partners hosted a roundtable policy meeting for stakeholders, policymakers and thought leaders to discuss how to assess, measure and track the social impact of Opportunity Zone projects. One result of this discussion was…
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