Connect. Relax. Explore. Conveniently located in the heart of Midtown, the U-Med district welcomed University Lake SpringHill Suites by Marriot in August 2009. The 159-suite hotel, developed by NANA Development Corporation, will delight and accommodate both professional and leisure visitors. SpringHill Suites guests are just minutes away from the Alaska Native Medical Center, Providence Alaska Medical Center, Alaska Pacific University and the University of Alaska Anchorage.

Mix business with pleasure. SpringHill Suites offers wireless Internet throughout the hotel, a business center and a fitness area featuring an indoor swimming pool. Present design concepts to clients nationwide using state-of-the-art videoconferencing in the SpringHill Suites meeting room. Each suite pairs the luxury of home with the functionality of an office, including: a large work desk, king- or queen-sized beds, spa-inspired showers and in-room kitchenettes.

In February 2009, AIDEA committed to finance $12.6 million of the total permanent financing. Wells Fargo Bank provided financing during the construction period and will provide $1.4 million in permanent financing.

The new SpringHill Suites is one of Marriott International's most successful and fastest-growing brands.

"We are thankful to AIDEA and Wells Fargo for their financial support of the new University Lake SpringHill Suites by Marriott, particularly with the difficult financing environment we faced this past year. We have been working for many years to make this project a reality. Our Board has recognized the importance of developing a hotel to better serve the medical, university and Alaska Native communities for years to come. Without AIDEA's assistance, we could not have completed this project and we are very appreciative of their support." NANA Development Corporation President Helvi Sandvik.