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A six-story Phoenix office tower dating to 1922 has sold for $10.3 million, and its new owner Aperture Hotels plans to turn the century-old Ellis Building downtown into a Marriott hotel with around 10...

A historic office building in downtown Phoenix is set for a new chapter as the city continues to repurpose older commercial properties for hospitality. The Ellis Building, a six-story structure dating to the early 20th century, has been acquired by hotel developer Aperture Hotels, which plans to transform the property into a boutique hotel under Marriott’s Tribute Portfolio brand.