Accor’s RevPAR Growth Continues To Come In Stronger Than Anticipated
Accor's performance continues to exceed expectations in the face of rising interest rates. 57% RevPAR growth for Accor. First quarter revenue and RevPAR growth continue to come in stronger...
Fairmont Planning 25-Story Downtown Phoenix Tower
Credit: Gensler/Fairmont Hotels & Resorts/Thunderbird Legacy Development) SHARE By Fairmont Hotels & Resorts Fairmont Hotels & Resorts – part of hospitality group Accor – together...
Fairmont Hotels & Resorts Coming to Downtown Phoenix
Fairmont Phoenix (Photo by Fairmont Hotels & Resorts) Fairmont Hotels & Resorts and Thunderbird Legacy Development have announced the signing of agreements for the development and management...
New Fairmont Hotel & Residences to Open in Downtown Phoenix
Fairmont Hotels and Resorts, together with Thunderbird Legacy Development, is expanding its brand of iconic luxury hotels to Downtown Phoenix. Scheduled to open in early 2025, the new Fairmont Hotel...
New 25-Story Fairmont Hotel Coming To Jackson And First Streets
Rendering courtesy of Fairmont Hotel & Resorts and Thunderbird Legacy Development. Fairmont Hotels & Resorts and Thunderbird Legacy Development announced the construction of a new 25-story...
Fairmont Phoenix Hotel and Residences to Open Downtown in 2025
An architect's rendering of the upcoming Fairmont Hotel in downtown Phoenix. Fairmont Hotels & Resorts A Fairmont Hotel and Residences is set to join the downtown Phoenix skyline in early 2025....
Love Downtown PHX
Fairmont Residences Phoenix | Nothing Compares “Phoenix, from its early days, represented a unique cross-section of the people that make America vibrant and resilient; from its history of native...
Accor earnings: Bazin has ‘serenity’ now
Ongoing recovery across the portfolio and potential of Asia Pacific rebound has Chairman and CEO Sébastien Bazin looking at the future with "serenity." Paris-based Accor reported 4Q22 earnings on...
Marriott’s thought leaders forecast the future of luxury, labor, $34 bagels
Changes in the 5-star business mix, tech-driven design innovations and shifts in service menu must-haves open new top-line revenue opportunities. Macroeconomics may be top of mind for hotel...
Fairmont Hotel & Resorts Coming to Downtown Phoenix
On June 21, 2022 Fairmont Hotels & Resorts, part of world leading hospitality group Accor, together with Thunderbird Legacy Development, announced the signing of definitive agreements for the...
Block 23 Sets PSF Record for Multi-Tenant Office Trades
Block 23, a mixed-use live-work-play asset in the heart of downtown Phoenix, recently sold to City Office REIT Inc. for $150 million. The sale sets a new per square foot record in the city for...
Interest in opportunity zones peaks as higher rates loom
The real possibility of higher capital gains rates has fueled interest by investors in opportunity zone funds. While Code Section 1400Z, providing for the funds, was slipped into the Tax Cuts and...
U.S. Apartment Rents and Occupancy Soar in June
With apartment shortages seen across much of the country, rents are climbing at the fastest pace seen in decades. Effective asking rents jumped 2% just in the month of June, driving up prices...
Arizona’s job growth to outpace the nation for next decade
Arizona is expected to add nearly 550,000 jobs between 2019 and 2029, barring any further major economic or political disruptions, according to a study released May 6 by the Arizona Office of...
Post-COVID comeback? Home buyers Are Looking at Cities Again
Vaccine rollouts and the reopening of the economy are breathing new life into big city housing markets. Homebuyer interest in large metro areas is surging while interest in rural areas and small...
Glimpses of Recovery and Change in Greater Phoenix
As post-pandemic social restrictions start to ease with the arrival of vaccines, plus the most recent round of stimulus funds, we are beginning to see glimpses of what recovery looks like in the...
Arizona companies primed for growth as Phoenix becomes national semiconductor hub
Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to...
Arizona among top states ranked for economic momentum
Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to...
Intel to invest $20 billion in Phoenix expansion
Intel Corp. announced plans on Tuesday to invest $20 billion to build two new semiconductor factories at its Chandler campus. CEO Pat Gelsinger said the expansion will allow Intel to become a major...
Phoenix metro cracks top 10 in elite ranking of U.S. cities
Phoenix is among the top cities best poised for economic recovery in 2021, according to Milken Institute's Best-Performing Cities report. Phoenix ranked seventh among large cities, up five places...