Peoria Economic Development
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A Destination for Hospitality, Lodging, and Entertainment Development
Where Growth, Lifestyle, and Tourism Come Together
Peoria, Arizona is a fast-growing city with high visitor traffic, a strong local economy, and exceptional opportunities for hospitality industry site selection. Whether you're looking to build a hotel, launch a restaurant, expand entertainment offerings, or invest in a tourism-focused development, Peoria offers a compelling blend of location, lifestyle, and demand.
Why Hospitality Investors Choose Peoria
Peoria is a rising star in the Phoenix metro’s northwest corridor, supported by:
- Year-round tourism driven by outdoor recreation, regional parks, and spring training
- Proximity to major highways including Loop 101 and Loop 303 for strong visibility and access
- High-growth population centers in North Peoria, near Lake Pleasant
- A thriving sports and entertainment ecosystem, anchored by a bustling sports complex and including nearby State Farm Stadium and Desert Diamond Arena
- Strong demand generators: Spring Training home to the San Diego Padres and Seattle Mariners, growing healthcare sector, proximity to professional sporting venues
Hospitality Growth Backed by Demographics & Demand
Peoria offers hospitality developers:
- A fast-growing population of over 200,000 with strong disposable income
- Over 1.2 million visitors annually to nearby Lake Pleasant Park, the only water-based park in Maricopa County
- High event traffic from regional parks, spring training, golf tournaments, and concerts
- Access to both local demand and destination travelers
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Key Hospitality Development Sites in Peoria
1. Downtown Peoria
Currently undergoing a vibrant transformation, with several city-owned parcels ready for development
- Special zoning – Downtown/Commercial Mixed-Use (D/CM), which allows for retail and service businesses mixed with residential, cultural, educational, community, recreational and entertainment uses
- City-led projects including Caldwell County BBQ and Jefferson House have kickstarted revitalization
2. Park West
A premier shopping, dining, and entertainment district with space available for hotel and hospitality expansion.
- Anchored by Harkins Theatres, upscale restaurants, and boutique retail
- Minutes from the Arizona Cardinals’ State Farm Stadium and Glendale Arena
- Ideal for hotels, full-service restaurants, or entertainment venues
3. P83
Peoria’s entertainment district, which includes Peoria Sports Complex, home to MLB Spring Training.
- Year-round tourism drivers
- Strong opportunity for a flagship property
- Excellent regional access, located just off Loop 101
4. North Peoria Gateway (NPG)
A growth corridor, consisting of a 1,620-acre planned development area ideal for hospitality projects.
- Rapidly growing residential market, creating increased demand for nearby lodging
- Expanding commercial and retail activity within NPG and the adjacent Peoria Innovation Core
- Convenient access to Loop 303, providing connectivity for both leisure and business travelers
5. FIVE NORTH at VISTANCIA
A 320-acre commercial core within the award-winning Vistancia master-planned community.
- Visioned for restaurants, entertainment venues, boutique hotels, and mixed-use
- Surrounded by mid to high-density residential and high-income households
- Ideal for lifestyle-oriented hospitality concepts
6. Peoria Innovation Core (PIC)
834 acres of newly acquired state land, positioned to be a game-changing master-planned development zone.
- Anchor tenant, Amkor Technology, supporting semiconductor supply chain with TSMC $165B project just minutes away
- Demand for meeting and collaboration space, business and leisure travel
- City is investing $500M in infrastructure to develop shovel-ready sites
- Direct access off Loop 303, offering visibility and easy connections to Metro Phoenix
7. Scorpion Bay @ Lake Pleasant Regional Park
An unmatched 9-acre waterfront site, directly next to Scorpion Bay Marina.
- One of the only water-adjacent hotel opportunities in Greater Phoenix
- High recreational traffic from boaters, campers, hikers, and event-goers
- Potential for boutique lodging, marina-side dining, or resort-style development
8. Quintero Golf Course Area
Minutes from Lake Pleasant, this area supports upscale hospitality needs.
- Adjacent to a world-class public golf course and scenic desert surroundings
- Excellent for a conference center, golf resort, or luxury lodge
Ready to Bring Your Hospitality Project to Peoria?
Invest where lifestyle and location align. Discover what’s possible in Peoria.
Contact us today to learn more!
Contact
Brian Carpenter |
