Luxury hotel brand Fairmont signs on to downtown Phoenix property
Fairmont Hotels & Resorts, a global chain of luxury hotels, has signed a definitive agreement for the development and management of a new hotel and residences in downtown Phoenix.
The Fairmont Phoenix will be going into the mixed-use tower incorporated into a historic building in downtown Phoenix’s warehouse district that was approved by the Phoenix City Council more than a year ago. The property is located at the southwest corner of First and Jackson streets in Phoenix.
The hotel is owned and being developed by Thunderbird Legacy Group and the Arizona Opportunities Industrialization Center (Arizona OIC), an active historic nonprofit organization that offers employment training and workforce development programs in Phoenix.
The hotel chain, which is owned by France-based Accor, announced the deal on Thursday morning. The company expects the downtown Phoenix hotel to open in early 2025.
“Fairmont Phoenix will be a prominent addition to the region’s growing luxury portfolio and will provide a unique offering unlike anything in Phoenix,” Heather McCrory, Accor’s North and Central America CEO, said in a statement. “This prominent development further positions Accor as a leader in the luxury hotel and branded residences segment as we continue our expansion throughout key North American markets.”
Fairmont compared the Phoenix hotel to some of its iconic luxury properties such as the Fairmont Grand del Mar in San Diego, The Plaza in New York City, and the recently reimagined Fairmont Century Plaza in Los Angeles.
“Fairmont is one of the most distinguished names in the hospitality world, so it was a natural fit to work together to create a vision of excellence that will further enhance Phoenix’s reputation as a center for innovation, collaboration, and education,” Dwight Alexander, the managing partner of Thunderbird Legacy Development, said in a statement.
The 25-story hotel will have 225 guest rooms, including 34 suites. The Fairmont Phoenix will have four bars and restaurants including a full-service restaurant, a lobby bar, a specialty bar at the rooftop pool and a café.
The property will also have 151 Fairmont branded of one-to three-bedroom residences that will occupy floors 14 to 25. The residences will have their own exclusive amenities including an owner’s lounge, outdoor swimming pool and hot tub, fitness center, dedicated parking and a private entrance. The company said in a news release that the condos will be “among the most luxurious residential offerings in the city,” and a website has been created for prospective buyers.
The building will also include ground floor retail and office space, and the Arizona OIC will continue to operate out of the building.
Thunderbird Legacy Development will serve as the developer and general partner on the downtown project. Gensler is the architect and Project Management Advisors is overseeing management of the project. After the deal has been signed, Accor’s Luxury Design & Technical Services team is working with all the designers on the project.
This will be the second Fairmont-branded hotel property in the Valley. The Fairmont Scottsdale Princess has been one of the top-rated resorts in the Valley with its hospitality and food and beverage programs regularly being given awards and recognitions.
“We’re excited to see the Fairmont brand growing in Arizona, and look forward to welcoming a sister property to the market," said Pam Gilbert, director of sales and marketing for Fairmont Scottsdale Princess, said in a statement. "We wish the team there the best of luck and anticipate many synergies between the two properties and look forward to their success and working with the Downtown Fairmont.”
After hotel development slowed somewhat during the early days of the pandemic, Phoenix’s new hotel pipeline is filling up. Recently, the construction on a new luxury Caesars Republic Scottsdale hotel next to Scottsdale Fashion Square started back up again after development was put on hold because of Covid-19.
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