Vacant Arizona Center Office Tower Converting to JW Marriott Hotel
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix…
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix…
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Why it matters
This is a routine real estate redevelopment project converting an office tower into a hotel, which is typical business activity with limited direct impact on credit markets or underwriting standards.
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Vacant Arizona Center Office Tower Converting to JW Marriott Hotel
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix…