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Phoenix & Southwest  + Phoenix  + Hospitality  | 
AC Phoenix Biltmore sells for $67M

AC Hotel Phoenix Biltmore Trades for $67.8M

Holualoa and LaPour Partners announced the sale of the AC Hotel Phoenix Biltmore by Marriott for $67.8 million to Nella Invest.  That comes out to $423,750 per room.

The five-story hotel, located in the Biltmore area of Phoenix, offers a variety of amenities, including the AC Kitchen & Lounge, a fitness center, business center, outdoor pool, sundry shop, guest laundry and over 5,000 square feet of meeting space.

The hotel was developed as part of a mixed-use project along with the Camelback Collective Office Building, which sold in July of 2022. The land was purchased by co-developers Holualoa and LaPour Partners in October 2016. The 160-room hotel opened its doors two years later. 

JLL Hotels & Hospitality represented the sellers in the sale, with Halo Hospitality and DCA Partners as advisors to the buyer. The property was managed by the Azul Hospitality Group.  

Read More News Stories About: JLL
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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition