NEWPORT BEACH, Ca., July 5, 2011—Twenty4Seven Hotels today announced it has assumed management of the Residence Inn Phoenix hotel. The announcement comes in conjunction with the sale of the hotel by Winston Phoenix Associates, L.L.C., to Imara Holdings Inc., which acquired the 168 guestroom hotel located in close proximity to the recently revitalized Metro Center Mall, a super regional premier shopping destination in Phoenix, and the many high tech office and industrial complexes along the Black Canyon (I-17) freeway corridor. The extended-stay all-suite hotel serves both short and long term stay business and leisure travelers to Phoenix.
"We are thrilled to be associated with one of the premier extended stay
brands within the hotel industry. The Residence Inn Phoenix is a key
our management portfolio as we continue to build our operating base in
said David Wani, Chief Executive Officer, Twenty4Seven Hotels.
forward to adding significant value for the new ownership by
facilitating an extensive
capital improvement plan which will enhance the guest’s experience and
amenities the hotel offers” added Wani.
The Residence Inn by Marriott
Located at 8242 N. Black Canyon Rd. in Phoenix, AZ, the
Phoenix has long served a diverse mix of corporate, government and
sports demand base along the Black Canyon corridor stretch of I-17,
of downtown Phoenix. The hotel is a
solid performer in the Black Canyon corridor submarket, which is
currently the top
rebounding hotel sub-market in Phoenix based on the percentage increase
performance indicators in 2011 over 2010. Built in 1988, the hotel
selection of well-appointed studio, one and two bedroom suites with
equipped kitchens and living rooms with a fireplace. In addition,
guest suite features luxury bedding, a work area with dual line
high speed wireless Internet access throughout the hotel.
brand standards the Residence Inn Phoenix provides a complimentary
and evening manager’s reception with complimentary beverages and
hotel is in close proximity to area restaurants and attractions
including the Wet
n’ Wild Water Park, ASU West, Anthem Outlet Mall, Arizona Cardinal’s
the Metro Center Mall and the many top tier golf courses in nearby
The Residence Inn by Marriott Phoenix is 15 minutes from Phoenix Sky
International Airport (PHX) and Downtown Phoenix. For more
and reservations visit: www.marriott.com/phxri
or call 800-331-3131.
About Twenty4Seven Hotels
Headquartered in Newport Beach, California,
Twenty4Seven Hotels is a private hotel management company providing
management, development/renovation, acquisition, consulting and
expertise to the hospitality industry. Twenty4Seven Hotels
operates in a
niche cross-section of premium brand hotels, including full service,
select-service and extended stay operations; and is an approved
the top tier national hotel brands such as Marriott, Starwood, Hilton
Intercontinental Hotel Group. Twenty4Seven Hotels currently has
hotels under management with a total of 740 guest rooms in 3 western
For additional information on Twenty4Seven Hotels please visit our
website at www.twenty4sevenhotels.com.