- Associated Press - Thursday, February 4, 2016

PHOENIX (AP) - The Phoenix City Council has approved the sale of a city-owned downtown hotel.

The council on Wednesday approved the sale of the Sheraton Grand Phoenix to TLG Phoenix, an affiliate of Thayer Lodging Group.

The company made a cash offer to purchase the 1,000-room hotel for $300 million.

Councilman Michael Nowakowski says the sale eliminates future financial risk for the city, relieves debt and brings in an experienced owner.


This story has been corrected to show the councilman’s name is Michael, not Michaell.

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