FOR SALE: Snyder Nationwide Real Estate Markets Unique Downtown Phoenix Hotel

. September 27, 2010

FOR IMMEDIATE RELEASE

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SCOTTSDALE, AZ, (September 27, 2010)—Snyder Nationwide Real Estate, Inc. of Scottsdale, AZ is marketing the Hotel Monroe located in Downtown Phoenix. This magnificent 1931 constructed building has completed a vast amount of structural work, environmental remediation, was framed out for 150 guest rooms by the prior developer, and is now ready for a new owner to complete either as a branded hotel or as an upscale 4‐Star.

The building is recognized as the last major historical high rise in Phoenix and is the largest known limestone structure in Arizona.

Located just a couple of blocks from the newly expanded Convention Center, the Downtown market is in a major transformation with significant new demand generators including the Arizona State University Downtown campus which includes their Journalism and Nursing schools.

For further information, contact Jay or Mark Snyder at 480-344-7500 or e‐mail [email protected] or [email protected]

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