Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust (REIT), announced that the iconic Ritz-Carlton, located near 24th Street and Camelback Road in Phoenix, will be closed and re-branded.
During the second quarter the company completed an agreement to convert The Ritz-Carlton, Phoenix to an independent hotel to be operated by Destination Hotels. The property will close in July 2015 for extensive renovation work and will reopen early in 2016 as part of the Autograph Collection, a diverse collection of high-personality independent hotels worldwide.
The company has not announced an official closing date for the Ritz.
