By Donna Hogan, Tribune
September 16, 2006
Tempe tourism is getting a boost with two big hotel makeovers in the works. The Sheraton Phoenix Airport Hotel, a 210-room property at 1600 S. 52nd St., was purchased by JER Partners, a McLean, Va.-based real estate investment trust, for $25.5 million, said Molinaro Koger broker Bill Murney.
The company plans “a comprehensive renovation of the hotel’s guest rooms, corridors, (meeting) space and lobby,” said Devin Chen, JER vice president. The hotel also is slated to get a new exterior paint job and new management, he said.
The new general manager is to arrive next week to get the project in gear, but Chen said detailed designs are already in the works.
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