Chicago-based hotel investment and management company, Arbor Lodging Partners, announced last week its latest acquisition and first expansion into the Phoenix market, with AC Hotel Phoenix Downtown. The AC Hotel Phoenix Downtown features 199 rooms and suites, along with its AC Lounge and the AC Kitchen, which offers a European-Style breakfast and can also accommodate special culinary events; along with various meeting spaces for the return of business travel.
“We are thrilled to be diving head first into the Phoenix market with the exceptional AC Hotel Phoenix Downtown and its fast-growing brand,” said Vamsi Bonthala, Chief Executive Officer of Arbor Lodging Partners. “We have continued to expand and deploy capital throughout the pandemic, and with this acquisition, we are beginning a new near-term investment strategy that we have in place for newer vintage properties that will complement our ongoing value-add investment platform. We look forward to continue pushing forward and expanding to more high-performing cities like Phoenix.”
Downtown Phoenix has been completely reborn in recent years, and has emerged as a higher education hub. The hotel’s location is just steps away from Arizona State University’s Downtown Campus, along with the cutting-edge Phoenix Biomedical Campus. The hotel is also in close proximity to the Phoenix Convention Center which plays host to numerous events throughout the year, along with two main stadiums which includes Footprint Center, home of the Phoenix Suns and host to numerous events and concerts; and Chase Field, home of the Arizona Diamondbacks. Further, Phoenix will play host to the 2023 Super Bowl, 2024 Men’s Final Four, and 2026 Women’s Final Four. Moving forward, the Arbor Lodging team will be focused on finding more investment opportunities in fast growing markets going through major transformations throughout the country.
Arbor Lodging’s fully integrated hotel investment and hotel management platform now operates 35 hotels throughout the United States. The portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels & Resorts, Courtyard by Marriott, Hilton Garden Inn, Residence Inn, Homewood Suites, and more.