Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Marriott AC Hotel Brand Opens in Scottsdale
PEG Cos. opened AC Hotel Scottsdale Old Town, a six-story AC Hotels by Marriott asset at 7117 E. 3rd Ave. in Scottsdale. The hotel features 168 guest rooms, the brand’s signature AC Lounge and AC Kitchen, a 24/7 fitness center, rooftop pool and meeting and event rooms.
Cielito, a rooftop bar and restaurant developed in collaboration with The Wayfaring Group, features 70 seats. The property also features a three-level underground parking garage and pet-friendly accommodations for guests traveling with small dogs up to 50 pounds.
The property’s architecture and interiors were designed by Gensler and Edge ID, with Okland Construction serving as the general contractor.
PEG has developed over 8,500 rooms in 23 states and provinces.
What Still Pencils in Greater Phoenix: As cost pressures, municipal constraints and submarket divergence reshape the region, owners and developers are reassessing where — and how — capital is deployed. At Connect Phoenix Multifamily, SFR & BTR on April 8, leaders will examine reinvestment strategy, redevelopment feasibility, operational repositioning and amenity ROI in today’s environment. Join the industry professionals separating durable returns from assumptions. Register to attend: www.ConnectPHXMF2026.com