Sheraton Phoenix Downtown Hotel – Phoenix, AZ
Warnick + Company has served as a strategic lodging advisor to the city of Phoenix since 1991.
Throughout the relationship, Warnick + Company has assisted the city on a range of topics, including
the evaluation and structuring of subsidy requests by lodging developers, urban planning issues, and
negotiation of various agreements with lodging developers and owners.
In 2003, we began working with the city of Phoenix Downtown Redevelopment Office to develop a 1000-room
convention hotel in Downtown Phoenix as part of a major urban revitalization program. The culmination
of that effort is the new
Sheraton Phoenix Downtown Hotel,
which opened in October 2008. With confirmed pre-opening group room nights well above plan, the hotel is
already enjoying extraordinary success in national market acceptance. Warnick + Company’s responsibilities
on the Sheraton Phoenix have included: site selection and negotiating the land acquisition; feasibility
analysis; concept and facilities programming; financial structuring; hotel operator selection, deal
structuring, and management contract negotiation; managing the RFP, selection, and contracting process
for the entire project team; structuring and negotiation of tax-exempt bond financing; oversight of all
pre-opening activities, including the approval of key management positions and pre-opening sales and
marketing; overseeing the concept and design of the hotel’s destination restaurant; and creating an
art-oriented theme throughout the hotel, while orchestrating the activities of a panel of art and design
experts in the selection of both permanent and rotating art collections. Warnick + Company now serves as
the city’s asset manager for this property.
Representative Accolades & Awards
- District American Kitchen recieves Gold rating at Devoured Culinary Classic by Howard Seftel of The Arizona Republic - March 13, 2010
- "Restaurant/bar in Sheraton Phoenix Downtown Hotel lures hip crowd" The Arizona Republic - February 19, 2010
- "Best of 09 - Residential/Hospitality" Award by Southwest Contractor - December 2, 2009
- Platinum Choice Award Winner from Smart Meetings Magazine - December 2009
- AAA Four-Diamond Award - 2010
- District American Kitchen and Wine Bar Ranked Among the 2009 Best New Restaurants by Phoenix Magazine - October 2009
- "Metropolitan DINING" frontdoors - April 2009
- "Sheraton Revamps In Face of Slump" The Wall Street Journal - April 14, 2009
- 2009 RED Award "Best Hospitality Project" by Arizona Commercial Real Estate Magazine - February 26, 2009
- District American Kitchen Review Phoenix Magazine - February 2009
- "Hotels Offer Guests the Latest Technology Tools" USA Today - November 10, 2008
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