PHOENIX, Nov. 17, 2025 –  JLL’s Hotels & Hospitality group announced today the sale of the Sheraton Phoenix Downtown, a premier 1,003-room convention center hotel in the heart of Arizona's capital city, marking one of the largest hotel sales in Arizona's history.

JLL represented the seller in the transaction.

The 33-story Sheraton Phoenix Downtown stands as the city's largest hotel, featuring 112,000 square feet of flexible meeting and event space, including the 27,200-square-foot Phoenix Ballroom, the largest in the downtown market, and the 14,000-square-foot Valley of the Sun Ballroom. The property offers 26 total meeting rooms, with the largest space accommodating up to 2,510 guests and 20 breakout rooms available for concurrent sessions.

Built in 2008 and enhanced through a comprehensive $45 million renovation completed in 2020, the hotel showcases modern amenities and sophisticated design throughout its 806,481-square-foot tower. All guestrooms, located on floors five through 33, feature stunning views of downtown Phoenix and the surrounding mountain ranges. The property includes eight different room types, from traditional king and double rooms to its impressive 1,625-square-foot Governor's Suites.

The hotel's food and beverage program features three distinctive concepts: Carcara, the signature restaurant, which was recently renovated, offering Arizona-inspired cuisine with Sonoran influences; &More by Sheraton, a versatile venue serving as coffee shop, grab-and-go market and evening bar; and Breeze Bar & Grill, located on the fourth-floor poolside terrace and offering panoramic downtown views. Additional amenities include a state-of-the-art 4,300-square-foot fitness center, outdoor pool, Sheraton Club Lounge and comprehensive business services.

Strategically positioned just two blocks from the Phoenix Convention Center, the hotel benefits from its proximity to major demand generators including the Footprint Center, Chase Field and Phoenix Symphony Hall. The property borders Arizona State University's Downtown Phoenix Campus and the expanding Phoenix Bioscience Core, while serving as the preferred headquarters hotel for the Phoenix Convention Center.

The JLL Hotels & Hospitality team was led by Senior Director Matt Riley.

"The Sheraton Phoenix Downtown represents the rare combination of institutional quality, strategic location and significant scale that attracts best-in-class capital," said Riley. "Phoenix has established itself as one of the most dynamic lodging markets in the United States, with downtown benefiting from diverse demand drivers including expanding convention business, corporate relocations and the growing influence of Arizona State University's downtown campus. This transaction validates the strength of the market fundamentals and the appeal of irreplaceable urban assets."

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.