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Le Meridien in Arizona So Not Happening Now

In one of the odder news stories about new hotels, the Hayden Ferry Lakeside development in Tempe, Ariz., which was to include condos, a hotel, retail and office space, has told Starwood's Le Meridien to take a hike.

The Valhalla Development Group, the developers of the project, are ready to have a groundbreaking in December, but Le Meridien isn't ready to commit to the project yet - so the developers decided to go with another 4-star hotel brand which has not yet been announced.

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