Brand News - north-america
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Marriott International Purchases 1,000-Room Sheraton Grand Phoenix For $255 Million, Advancing Company's Transformation Strategy For Its Sheraton Brand

Marriott International (NASDAQ: MAR) today announced that it has purchased the 1,000-room Sheraton Grand Phoenix hotel for $255 million. Marriott has plans for a significant renovation covering the downtown Phoenix hotel's guest rooms and public space to transform the property into a cutting-edge model for the Sheraton brand.