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The Times of India·Business

Phoenix tower sold for $10.3 million, to become hotel

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Phoenix tower sold for $10.3 million, to become hotel

The historic Ellis Building in downtown Phoenix sold for $10.3 million and is planned for conversion into a Marriott-affiliated boutique hotel. Aperture Hotels expects about 95 to 105 rooms, plus a restaurant and bar, after earlier redevelopment efforts failed.

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