Fairmont Hotels & Resorts, part of world leading hospitality group Accor, together with Thunderbird Legacy Development, today announced the signing of definitive agreements for the development and management of a new Fairmont Hotel and Residences in downtown Phoenix. Scheduled to open in early 2025, Fairmont Phoenix will offer a luxury hotel and residential experience unlike anything in the downtown market and will join an impressive portfolio of iconic luxury hotels in North America, including brand flagships such as Fairmont Grand del Mar in San Diego; The Plaza, a Fairmont Managed Hotel in New York City; and the recently reimagined Fairmont Century Plaza in Los Angeles, among others. Fairmont Phoenix will be located in downtown Phoenix at the southern end of the Central Business District, just a short walk from the Phoenix Convention Center, the sports and entertainment district and the emerging Warehouse District. The 25-story property will feature 225 guestrooms, including 34 suites, and 151 Fairmont branded residences. The generously sized guestrooms will represent the highest quality room in the downtown Phoenix market with sweeping views of downtown, the South Mountains, Tempe, and Camelback Mountain.