Sheraton Phoenix Crescent hotel near Metrocenter to be sold

A swanky north Phoenix hotel built by Charles Keating in the 1980s will get a new owner soon when it goes up for auction. The big picture: The Sheraton Phoenix Crescent at Dunlap Avenue and Interstate 17 has been closed since an electrical fire in January 2023. Initial bids for the building are due Sept. 16, according to David Fogler of Cushman Wakefield, the brokerage hired to facilitate the sale for a court-appointed receiver.

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