April 25, 2024 9:10 am
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Phoenix to consider GPLET deal for DT hotel

By Mike Sunnucks | Rose Law Group Reporter

The Phoenix City Council will soon consider approving a development deal to bring a $21 million, 140-room new hotel to the southwest corner of Second and Jackson Streets in downtown Phoenix.

Oklahoma-based NIXDT Development / Anish Hotel Group wants to bring the 6-story hotel to the Fuller Paint Warehouse property. Plans call for the historic building on that to be renovated and restored.

Anish Hotel group has developed and managed 15 hotel properties mostly in Oklahoma and Missouri.

The council will also consider approving a GPLET tax deal with the developer for the project. The hotel project will create 300 construction jobs and 30 permanent jobs, according to city documents.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.