You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
According to “Arizona Republic” newspaper: (1) return of conventions & business travel + (2) addition of high-end amenities to attract guests & enhance their “stay experience” such as fine dining restaurants, spas, roof top bars, meeting space & upscale private work spaces. STR numbers provide the proof: in 1st half of 2022, downtown Phoenix hotels increased occupancy by 76%, ADR by 57.5% & rooms sold by 117.5%. Hotel owners suffered but we never gave up, never gave in. WE’RE STILL STANDING, STILL SERVING, STILL STARS!
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These downtown Phoenix hotels are making a comeback thanks to 2 key factors
As convention tourism mounted a comeback from the COVID-19 pandemic, dental hygienists were the trailblazers.
About 1,000 people came to the Phoenix Convention Center in June 2021 for the American Dental Hygienists’ Association’s convention, which included speakers from the dental hygiene industry and exhibitions from oral health companies. It was the convention center’s first event since the pandemic began in March 2020.
Fourteen months later, the return of convention and business travel is a key contributor to the improving outlook for downtown Phoenix hotels.
Downtown hotels saw a 76% increase in occupancy, a 57.5% increase in average daily rates and a 117.5% increase in rooms sold in the first six months of 2022, according to STR, which tracks hotel data.
Exclusive: Arizona tourism roared back in 2021
Conventions are bringing people back to Phoenix’s biggest hotels
A big reason for the increased interest in downtown hotels is more downtown events, including conventions, said Eric Kerr, vice president of insights and development with Visit Phoenix.
The Phoenix Convention Center recently hosted the Color Street National Conference, Game On Expo, Shamrock Foods Expo and Culture Fitness and Fashion Expo. In September, it will host the Arizona State Card Show and the Regulatory Affairs Professionals Society’s annual conference, the RAPS Convergence.
Conventions are important to downtown Phoenix tourism because they drive visitor spending, which is how Visit Phoenix measures economic impact, Kerr said. Conventions generated $335 million in direct visitor spending in 2019, he said.
That spending occurs in part at the convention center’s headquarter hotels, where most of the rooms for conventions are booked.
Headquarter hotels include the Sheraton Phoenix Downtown, which recently completed a multimillion-dollar renovation, as well as the Hyatt Regency Phoenix and the Renaissance Phoenix Downtown Hotel, Kerr said.
These three hotels have the greatest room capacity in downtown Phoenix, according to a market analysis in city documents that cite STR data. Sheraton Phoenix Downtown is the largest with 1,000 rooms, followed by the Hyatt Regency Phoenix with 693 and the Renaissance Phoenix Downtown Hotel with 518.
Downtown Phoenix has 4,049 rooms in 13 hotels, Kerr said.
Take a look: Phoenix hotel’s multimillion-dollar renovation is done
Conventions draw travelers to more upscale hotels
When people stay in downtown Phoenix for a convention, chances are they will stay in a higher-end hotel than they may usually do.
STR classifies the majority of downtown Phoenix hotels as either “upscale” or “upper upscale.” These labels typically refer to full-service hotels with high-end amenities that include restaurants, spas and meeting spaces, according to STR.
They also offer larger room blocks for conventions and events, Kerr said.
“These features are very important for visitors attending larger conventions and expos,” he said.
The Sheraton Phoenix Downtown’s recent renovation included new features meant to appeal to such visitors, including four new work spaces on the first floor called studios that are designed for small meetings, hotel spokeswoman Amy Van Der Werf said.
At the Kimpton Hotel Palomar, where convention, corporate and group travel are key to its business, staff members continue to prioritize investments in high-end features.
For instance, they are working on overhauling their food and beverage options, helped in part by the hiring of a new executive chef and a new lead bartender, General Manager Jeremy Wilhide said.
The hotel’s rooftop bar, Lustre, is closed for renovations as well, he said. While it’s closed, the hotel opened a pop-up bar on its third floor called Summer Breeze Social Club.
The Palomar is moving toward a more personalized experience for guests to make sure they are happy with their stay, Wilhide said.
“We want to connect with our guests and we want to exceed the expectations, but also anticipate their needs, communicate through a text messaging platform to ensure they’re getting everything they need,” he said. “It allows us to react in real time as opposed to asking the question at
Wilhide thinks personalizing the Palomar’s level of service is why it’s one of the top 10 Phoenix hotels on TripAdvisor, appearing at No. 8. It ranks between two other downtown hotels: Hampton Inn & Suites Phoenix Downtown at No. 4 and FOUND:RE Phoenix at No. 10.
Convention dining: 10 bars, restaurants to try near Phoenix Convention Center
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Hotels, conventions looking up in coming years
The expectation among hotel managers and tourism officials is that 2022 won’t bring downtown hotels or conventions back to pre-pandemic levels, but bigger things are on the horizon.
At the Palomar, hotel staff expects a 25% increase in total revenues this year compared with 2021, but it’s not yet matching pre-pandemic levels, Wilhide said. He said the hotel’s recovery stalled early this year because of the omicron variant of the coronavirus.
“2019 was a banner year for the hotel,” Wilhide said. “We’re not close to that this year.”
Kerr said the same is true of the city’s convention business.
He expects 2022 will be an improvement from the first years of the COVID-19 pandemic, when spending topped out at $106 million in 2020 and $122 million in 2021. But 2022 is forecast to end with only 80% of pre-pandemic convention spending.
“You still have some people hesitant about COVID and people who are restricted from business travel,” he said.
But there’s cautious optimism for the coming years with big events like the Super Bowl in 2023 and the NCAA Final Four in 2024, while convention center staff works on scheduling events through as far as 2026.
Future conventions include:
- The 2023 National Money Show, hosted by the American Numismatic Association and featuring coin dealers and presentations from coin and currency experts, scheduled for March 2-4, 2023.
- The 2023 Great Food Expo, a food and beverage industry trade show, scheduled for Oct. 7-8, 2023.
- The Golf Course Superintendents Association of America’s 2024 trade show, scheduled for Jan. 29-Feb. 1, 2024.
- The Specialty Tools & Fasteners Distributors Association’s 2025 convention and trade show, scheduled for Nov. 9-11, 2025.
Staff members at downtown hotels are eager to welcome these future guests.
For Wilhide, it starts with taking care of the guests staying downtown now and contributing to them having outstanding experiences.
“We look at every single guest reaction when we ask how are we doing,” he said. “So we know if we are a 9, what can we do to make it a 10?”
Reach the reporter at Michael.Salerno@gannett.com. Follow him on Twitter @salerno_phx.
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FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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