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Aperture Hotels buys century-old Ellis Building for downtown Phoenix hotel conversion
Aperture Hotels purchased the six-story Ellis Building in downtown Phoenix for $10.3 million. The century-old office property is slated to be converted into a hotel.
A century-old office building at Second Avenue and Monroe Street is set to become a hotel after hospitality developer Aperture Hotels bought the Ellis Building for $10.3 million.
The six-story property was sold by Equus Development Corp. The sale closed Oct. 6, according to real estate database Vizzda.
The purchase puts the Ellis Building on a new path from office use to hospitality in downtown Phoenix. No hotel name, opening date or additional project details were provided.