In Business Magazine: New 199-Room European-Inspired Hotel Begins New Growth of Arizona Center
Arizona Center, a shopping, dining and entertainment destination in the heart of downtown Phoenix, prepares to welcome the new AC Hotel Phoenix Downtown, opening Feb. 18, 2021.
“The opening of this new modern upscale hotel is just the first of many exciting things coming to Arizona Center,” said Matt Root, managing partner for Parallel Capital Partners, owner and manager of Arizona Center. “We are really focused on growth in 2021 and the new AC Hotel Phoenix Downtown is the perfect complement to our plans for both the center and Downtown Phoenix.”
The 13-story AC Hotel Phoenix Downtown located at Arizona Center will offer 199 rooms, 5,000 sq. ft of meeting space, two media salons and a board room with indoor and outdoor accommodations. The lounge and lobby bar, AC Lounge, will feature signature craft cocktails by expert Mixologist, Nomas Amaya; tapas, an outdoor patio with distinctive water feature and cozy fireplaces. The urban-inspired boutique hotel boasts a 24-hour fitness center with panoramic views, library, business center, hydration stations and AC Store offering various sundries and items travelers may need.
The AC Hotel Phoenix Downtown experience has been designed to give guests the essentials of an experience unlike any other. Modern guest rooms include upscale and plush beds, complimentary high-speed WiFi, smart TVs and premium toiletries including lavender satchels in each room. Open only in the morning, the AC Kitchen will offer European-inspired continental breakfast which includes imported meats, cheeses, fresh fruits, yogurt parfaits and more.
“This AC Hotel is the first in downtown Phoenix, and we are thrilled to be involved in this project,” said Brian Robinson, general manager of AC Hotel Phoenix Downtown. “We have a beautifully appointed hotel, brought on the best talent to be a part of our team and are excited to bring a touch of European style to the Southwest with this property.”
In 2019 Arizona Center underwent a $25 million renovation which included opening up the property to surrounding streets creating a more integrated downtown experience. Additional upgrades included modern colors, new outdoor furnishings and lounge areas, modern shade structures, upgraded landscape and water features, additional lighting and a 60 ft. LED jumbotron. Valet parking, bike racks and a stage for entertainment were also added.
Arizona Center, located in the heart of downtown Phoenix at 3rd St. and Van Buren, is a one million-square-foot mixed-use center. It’s a unique, centralized hub where entertainment, shopping, events, dining and office space come together. Amidst many Phoenix points of pride including the Phoenix Convention Center, many hotels, Phoenix Suns Arena, Chase Field and AMC Movie Theater, the newly renovated Arizona Center is truly a downtown Phoenix urban oasis.
Parallel Capital Partners, Inc. is a private, fully integrated real estate investment and operating company focused on acquiring value-added and core-plus opportunities for its own account in primary and secondary markets in the Pacific Southwest, including Hawaii. Parallel’s current property holdings include over five million square feet and a valuation of more than $1 billion with over two million square feet in the greater Phoenix metro area.