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11/20/17
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A new, 200-room AC Hotel by Marriott is planned for Arizona Center, a Class A, mixed-use property at 3rd St and Van Buren in downtown Phoenix. Arizona Center was acquired by a venture of Parallel Capital Partners and Angelo, Gordon and Co for $126 mil in December 2015.
Las Vegas-based LaPour Partners is currently under contract for an undisclosed amount for the 49.2k sf parcel on 5th St between Fillmore St and Van Buren St, with construction of the hotel slated to begin in April 2018.
AC Hotel Downtown Phoenix at Arizona Center will be a 200-key upscale, urban-inspired select-service property standing 15 stories tall. The development will include a fitness center as well as the only rooftop bar, pool, and lounge in downtown Phoenix. The hotel overlooks a three-acre urban park lined with exciting new restaurants, retail and entertainment at the heart of Arizona Center.
“With so much growth and change happening in downtown Phoenix, Arizona Center is the ideal place for an AC hotel,” said LaPour president Jeffrey LaPour. “This new AC hotel will be across the street from Phx Bio-Medical campus and walkable to ASU’s downtown campus as well as the major sporting events, concerts and countless other downtown activities including all the new amenities coming to Arizona Center.”
The AC experience has been designed to give guests the essentials of a beautiful stay and has created an experience unlike any other. Breakfast finds inspiration in European roots. Room service is replaced with the flexibility of a quick snack or evening tapas plates. Bartenders become true urban spirits who share the unique buzz of the city and all it has to offer. AC is a member of the Marriott family of brands, and there are 110 AC Hotels throughout Europe and North and Latin America.
Arizona Center has been undergoing a significant facelift since March 2017. Major renovations to the retail mall are already underway, and the addition of a 31-story residential tower is slated to begin construction in 2018.
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