PHOENIX, Arizona— JLL’s Accommodations & Hospitality group introduced the sale of the Sheraton Phoenix Downtown, a 1,003-room conference middle lodge, marking one of many largest lodge gross sales in Arizona’s historical past. JLL represented the vendor within the transaction.
The 33-story Sheraton Phoenix Downtown stands as town’s largest lodge, with 112,000 sq. ft of versatile assembly and occasion house, together with the 27,200-square-foot Phoenix Ballroom and the 14,000-square-foot Valley of the Solar Ballroom. The property gives 26 whole assembly rooms, with the most important house accommodating as much as 2,510 friends and 20 breakout rooms accessible for concurrent classes.
In-built 2008 and enhanced by way of a $45 million renovation accomplished in 2020, the lodge gives trendy facilities all through its 806,481-square-foot tower. All guestrooms, situated on flooring 5 by way of 33, supply views of downtown Phoenix and the encompassing mountain ranges. The property contains eight totally different room sorts, from conventional king and double rooms to its 1,625-square-foot Governor’s Suites.
The lodge’s meals and beverage program contains three ideas: Carcara, the signature restaurant, which was lately renovated, providing Arizona-inspired delicacies with Sonoran influences; &Extra by Sheraton, a venue serving as a espresso store, grab-and-go market, and night bar; and Breeze Bar & Grill, situated on the fourth-floor poolside terrace and providing panoramic downtown views. Extra facilities embody a 4,300-square-foot health middle, an out of doors pool, the Sheraton Membership Lounge, and enterprise providers.
Positioned two blocks from the Phoenix Conference Middle, the lodge advantages from its proximity to main demand mills, together with the Footprint Middle, Chase Area, and Phoenix Symphony Corridor. The property borders Arizona State College’s Downtown Phoenix Campus and the increasing Phoenix Bioscience Core, whereas serving as the popular headquarters lodge for the Phoenix Conference Middle.
The JLL Accommodations & Hospitality workforce was led by Senior Director Matt Riley.
“The Sheraton Phoenix Downtown represents the uncommon mixture of institutional high quality, strategic location, and vital scale that pulls best-in-class capital,” mentioned Riley. “Phoenix has established itself as some of the dynamic lodging markets in america, with downtown benefiting from numerous demand drivers together with increasing conference enterprise, company relocations, and the rising affect of Arizona State College’s downtown campus. This transaction validates the energy of the market fundamentals and the enchantment of irreplaceable city property.”
