<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1YlRlL_1ED0F18V00" alt="https://img.particlenews.com/image.php?url=1YlRlL_1ED0F18V00" width="1024" height="683" ><figcaption>Jeff LaPour with a rendering of the upcoming JW Marriott in downtown Phoenix (Linkedin, Getty, LaPour Partners)</figcaption></figure>A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evolving hospitality market.Las Vegas-based LaPour Partners is converting the tower at 400 East Van Buren Street in the Arizona Center, adding restaurants, a pool, fitness center, ballroom, meeting space and an upper-level club lounge, the Phoenix Business Journal reported. The hotel will sit across from the 1,000-room Sheraton Phoenix Downtown and half a block from the Phoenix Convention Center.The project is LaPour’s fourth hotel development in the area since the early 2020s. Its local portfolio includes the AC Hotel Phoenix Downtown, also at the Arizona Center. LaPour founder and president Jeff LaPour said now was the time to make further inroads in the downtown hotel market. “As the downtown market continues to grow and evolve, the hotel market hasn’t kept up,” LaPour told the outlet. “We knew there was opportunity for an upper scale luxury business hotel.”Interior demolition is expected to begin early next year with opening targeted for 2029. The adaptive reuse hinges on the building’s relatively modern bones, LaPour said. Completed in 1990, the tower has 13-foot floor-to-floor heights and floor-to-ceiling glass windows. The project is also part of a broader revival at the Arizona Center, a mixed-use development that declined over the past decade before investor Daryl Burton’s Reliance Management acquired it for $27 million in 2023. Since then, retail on the second and third floors has reached full occupancy with new food anchors. The J.W. Marriott will add roughly 15,000 square feet of indoor meeting and ballroom space plus 2,542 square feet outdoors, positioning it to capture convention demand. It will be the third J.W. Marriott-branded hotel in the Phoenix area, joining properties in north Phoenix and Paradise Valley. The 950-room J.W. Marriott Phoenix Desert Ridge, Phoenix’s largest resort, traded hands last year for $865 million. — Chris Malone Méndez</div></body>

Block Source: therealdeal.com

Misinformation

Clickbait

Old or repetitive news

Explicit content

Location not relevant

A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evolving hospitality market. Las Vegas-based LaPour Partners is converting the tower at 400 East Van Buren Street in the Arizona Center, adding restaurants,...

Vacant Phoenix office tower headed for second act as JW Marriott

NewsBreak

A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evo

Vacant Phoenix office tower headed for second act as JW Marriott

Comments