JLL’s Hotels & Hospitality group announced the sale of the Sheraton Phoenix Downtown, a premier 1,003-room convention center hotel in the heart of Arizona's capital city, marking one of the largest hotel sales in Arizona's history.
JLL represented the seller in the transaction.
The 33-story Sheraton Phoenix Downtown stands as the city's largest hotel, featuring 112,000 square feet of flexible meeting and event space, including the 27,200-square-foot Phoenix Ballroom and the 14,000-square-foot Valley of the Sun Ballroom. The property offers 26 total meeting rooms, with the largest space accommodating up to 2,510 guests and 20 breakout rooms available for concurrent sessions.
Built in 2008 and enhanced through a comprehensive $45 million renovation completed in 2020, the hotel showcases modern amenities and sophisticated design throughout its 806,481-square-foot tower. All guest rooms, located on floors five through 33, feature views of downtown Phoenix and
