Arbor Lodging Partners Acquires AC Hotel Phoenix Downtown
Chicago-based hotel investment and management company, Arbor Lodging Partners, is proud to announce its latest acquisition and first expansion into the Phoenix market, with AC Hotel Phoenix Downtown.
Located in the lively, bustling downtown that has been experiencing rapid growth and development in recent years, the AC Hotel Phoenix Downtown boasts 199 luxurious 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.
With this latest acquisition, Arbor Lodging Partners continues to play a leading role in the hospitality industry, most recently being honored by the Americas Lodging Investment Summit (ALIS) with the Merger & Acquisition of the Year 2020 award for its substantial 12-hotel portfolio acquisition in January of 2020.
"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."
The team at Arbor Lodging has been strategic and proactive in their approach, particularly with this latest acquisition. 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.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
