Phoenix office tower sold for $10.3m, set to become 100-room Marriott hotel

The iconic Ellis Building, erected in 1922, is set to undergo a transformation into a chic boutique hotel, managed by Aperture Hotels and affiliated with Marriott's Tribute Portfolio. This revitalization aims to breathe new life into the historic space, following previous redevelopment failures. The project promises about 95 to 105 stylish guest rooms, complemented by a modern restaurant and bar, aligning with similar projects in downtown Phoenix.