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Historic Phoenix Ellis Building Sold for $10.3 Million, to Become Marriott Hotel
Sentiment: NeutralHigh Priority
What Happened?
The Ellis Building in downtown Phoenix has been sold for $10.3 million to Aperture Hotels, which plans to convert it into a Marriott hotel with around 100 rooms. The sale closed on October 6, 2026.
Key points
- The Ellis Building, constructed in 1922, spans approximately 61,000 square feet.
- Aperture Hotels aims to develop the property as part of Marriott's Tribute Portfolio.
- The hotel will include between 95 and 105 guest rooms, a restaurant, and a bar.
- Phoenix approved the hotel's conversion plans in May 2026.
- The building previously served as an office space and was sold by Equus Development Corp. in 2019.
Key insights
- This transformation reflects a growing trend of repurposing historic buildings for modern use.
- The project may attract more visitors to downtown Phoenix, enhancing the local economy.
- The success of the hotel conversion will depend on meeting modern hospitality standards.
Why it matters
The redevelopment of the Ellis Building could revitalize downtown Phoenix by adding new hospitality options.
Tags
Entities
Ellis Building· LocationAperture Hotels· OrganizationMarriott· OrganizationPhoenix· City
Source
Times of India
