The Sheraton Phoenix Downtown is a $350 million (USD), high rise convention hotel, located on 3rd Street north of Van Buren Street in Downtown Phoenix, Arizona, adjacent to the Arizona Center office/retail complex and the Phoenix Convention Center, which had its North building opened in early 2008.
On November 3, 2004, the city of Phoenix announced Arquitectonica and RSP Architects had been selected to build the project.
The Sheraton Phoenix Downtown hotel welcomed its first guests inside on September 30, 2008.
The exterior color palette of browns, oranges and yellows were chosen to represent the desert sky at sunset.
[1] In June 2018, the city of Phoenix sold the Sheraton Grand to Marriott International at a significant loss,[2] for $255 million.