Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 10/8/13  and contains information from public web pages and contributions from the ZoomInfo community.

Managing Member

Local Address: Phoenix, Arizona, United States
Habitat Metro
 
Background

Employment History

  • Principal
    Habitat Metro
  • Owner and Partner
    Habitat Metro
  • Owner
    South Oval Capital
  • Owner and Partner
    South Oval Capital
  • Managing Member
    South Oval Capital

Board Memberships and Affiliations

32 Total References
Web References
In early 2012, the property at ...
lrarealestate.com, 11 Feb 2011 [cached]
In early 2012, the property at 1100 N. Central Ave. will re-open as a non-branded boutique hotel and art gallery, said Tim Sprague, a principal at Habitat Metro, one of three development groups that purchased the hotel in January.
...
The Lexington's art gallery should set it apart, Sprague said.
In addition, the property's face-lift likely will make the "new" Lexington hardly recognizable when compared with its former self. Even its name will change, Sprague said, although he did not say what the new name would be.
Renderings of the post-renovation property show an expanded ground floor where the art gallery will be located. That space will double as a meeting area, Sprague said.
To allow for the 8,000- to 10,000-square-foot expansion, the hotel's existing porte-cochere, or vehicle entrance, will be enclosed. The Lexington's existing restaurant will be redone and slightly expanded, and all its 108 rooms will undergo a full remodeling.
The finished product: a three- to four-star hotel with rates averaging between $175 and $200 per night, Sprague said.
That compares to the hotel's lowest rate of $99 on Feb. 9, according to its website.
"We feel the downtown hospitality market is very ripe in terms of a unique niche arts hotel," Sprague said.
...
Development will continue when market conditions improve, Sprague said.
The Lexington is the first hotel project for the development group.
Habitat Metro and its partners purchased the property from NCA Hotel Partners LLC for $4.8 million on Jan. 19, documents from IonData show.
That was only about seven months after NCA Hotel Partners, the property's lender, absorbed the hotel at a foreclosure auction, according to Sprague and filings at the Maricopa County Recorder's Office.
NCA Hotel Partners was the property's lender for only a short stint before the property went into foreclosure, Sprague said.
NCA partner Peter Gooding is one of several investors who will finance the Lexington's renovation project, Sprague said.
Contact « Roosevelt Neighborhood
www.rooseveltneighborhood.org, 8 July 2013 [cached]
Tim Sprague 602-377-6877 tsprague@habitatmetro.com
Affordable Housing | Downtown Voices Coalition
downtownvoices.org, 17 June 2014 [cached]
Real estate developer Timothy Sprague (also behind Portland Place Condominiums) and his firm Habitat Metro are behind the $5 million project, which will create 60 affordable live-work spaces for artists and creative types.
Oasis on Grand will be similar, in most respects, to Holgas. Plans include a variety of studio and one-bedroom apartments that will function as both studio-galleries and living spaces. According to Sprague, the spaces will rent for $400 to $700, and more than a dozen of the ground-level apartments along Roosevelt Street can function as galleries open to the public.
...
Sprague says the remodeling will take approximately six to eight months to complete, with a grand opening happening sometime in the late fall.
?The Oasis began life as the Caravan Inn West in 1960, one of the many colorful motor hotels that sprung up along Grand Avenue when the thoroughfare was the primary route for motorists to get from Phoenix to Los Angeles or Las Vegas.
It later reopened as the Oasis Hotel in 1971, but fell into serious decline over the next four decades, becoming something a seedy flophouse before closing down in 2007.
Sprague says that several "common area" spaces at the new Oasis will serve as a community-oriented studio and gallery, and there will also be tree-lined courtyard area for special events.
...
NOTE: Tim is a member of the DVC Steering Comittee.
Posted in Affordable Housing, Arts and Culture, Grand Ave
Leave a comment
Tags: Grand Ave, Habitat Metro, Oasis on Grand, Tim Sprague
Tim Sprague is Managing ...
downtownvoices.org [cached]
Tim Sprague is Managing Member of Habitat Metro, LLC. He is also member of the DVC Steering Committee. Tim can be reached at tsprague@habitatmetro.com
Posted in Business, Downtown Vitality
Leave a comment
Tags: Cycle, First Friday, Habitat Metro, Lexington Hotel, Tim Sprague
Case Study,Presented by Tim ...
www.arizonacrew.org, 21 Aug 2007 [cached]
Case Study,Presented by Tim Sprague
...
Tim Sprague, is an owner/partner of South Oval, L.L.C. In addition to developing Portland Place, Mr. Sprague has recently established HabitatMetro, LLC, to focus on infill, residential projects incorporating sustainable design with attainable sales price targets.
Other People with the name "Sprague":
Other ZoomInfo Searches
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.
zirhbt201304