Man Shot Dead in Phoenix, Police Seek Witnesses
Man Shot Dead in Phoenix, Police Seek Witnesses
Shuttered Hotel Transformed into Upscale Apartments
Phoenixs Sheraton Crescent Hotel to Transform into Upscale Apartments: A New Chapter for the Iconic Property
The historic Sheraton Crescent Hotel in Phoenix, closed since 2023 due to an electrical fire and water damage, has been sold for $9.25 million to Foundation eight LLC. This partnership between Gia Hospitality and Trillium Management plans to convert the 342-room property into luxury apartments, retaining resort-style features like balconies. The hotel, originally developed by Charles Keating in 1986, has a rich history, including a federal seizure in the late 1980s. This transformation aligns with neighborhood changes, such as the Metropolitans revival from the former Metrocenter Mall.
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