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August 26, 2019
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Oxygen Hospitality Group Inc Buys 160-Room Phoenix Hotel Property

2/22/19

Oxygen Hospitality Group Inc has acquired Wyndham Garden Phoenix Midtown, a six-story, 160-room hotel property. The property is located just north of the burgeoning Phoenix downtown area, off the city’s main thoroughfare of Central Ave and Osborn Rd. The price was not disclosed.

The Wyndham Garden Phoenix Midtown features 5k sf of meeting and ballroom space, a restaurant, fitness center, business center, outdoor pool, on-site beach volleyball and tennis courts and outdoor garden space for receptions and weddings. In addition to its location by Park Central Mall, the hotel is two blocks from St. Joseph’s Hospital and Medical Center, three miles north of the Phoenix Convention Center and offers easy access to other city landmarks with light rail a few steps away.

Oxygen Hospitality plans a multimillion-dollar renovation of the property that will elevate it as a full-service hotel with modern conveniences ready to greet a global tourist base visiting the fifth-largest U.S. city for business, pleasure and medical services. The property will be managed by Oxygen Hospitality.

According to Yaron Ashkenazi, chief executive officer of Oxygen Hospitality, “The Wyndham Garden Phoenix Midtown marks a pivotal point in the portfolio expansion of Oxygen Hospitality right in our corporate backyard.” He added, “With proper repositioning and creative blending of our systems, management, processes and technology, the hotel offers an incredible turnaround opportunity.”

Christine Mackay, director, Phoenix Community and Economic Development, the revitalization of the Wyndham Garden Phoenix Midtown will help meet the growing demand for accommodations from visitors to the city, as well as to serve the needs of one of the largest healthcare workforce clusters in the Western U.S. The hotel is situated near to Dignity Health, the new Creighton University Medical School and the revitalized Park Central complex.






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