Oxygen Hospitality Group, a Phoenix-based owner, operator and hospitality management company, made its foray into the Phoenix hospitality marketplace with the acquisition of the Wyndham Garden Phoenix Midtown for an undisclosed amount.
Oxygen Hospitality Group.
Photo credit: Oxygen Hospitality Group
Located north of downtown Phoenix, off the city’s main thoroughfare of Central Ave. and Osborn Road, the six-story, 160-room property marks the company’s first Arizona acquisition. Oxygen Hospitality will manage the property and is planning a multimillion-dollar renovation for the future.
“The Wyndham Garden Phoenix Midtown marks a pivotal point in the portfolio expansion of Oxygen Hospitality right in our corporate backyard,” said Yaron Ashkenazi, CEO/Oxygen Hospitality Group. "With proper repositioning and creative blending of our systems, management, processes and technology, the hotel offers an incredible turnaround opportunity. We’re pleased to join in and play an ongoing role in the economic development and resurgence in this area of Phoenix.”
“Oxygen Hospitality is a significant contribution to the evolution of the medical sciences and health care center in Phoenix Midtown,” Christine Mackay, director/Phoenix Community and Economic Development Department. “This Phoenix-headquartered company’s commitment to revitalize the Wyndham Garden Phoenix Midtown is a necessary addition to meet the growing demand for accommodations from visitors to the city as well as to serve the needs of one of the largest healthcare workforce clusters in the Western U.S. The hotel’s proximity to Dignity Health, the new Creighton University Medical School and the revitalized Park Central complex is a statement of confidence in the economic potential in this area of the city.”
The Wyndham Garden offers 5,000 square feet of meeting and ballroom space, a restaurant, a fitness center, a business center, an outdoor pool, on-site beach volleyball and tennis courts and outdoor garden space for receptions and weddings. In addition to its location by Park Central Mall, the hotel is two blocks from St. Joseph’s Hospital and Medical Center and three miles north of the Phoenix Convention Center.
Oxygen Hospitality Group purchased its first hotel asset in 2018 in downtown Palm Springs, Calif. The property, the Ivy Palm Resort, is slated for renovation this year.