JLL is pleased to introduce Thomas Suites, an exceptional investment opportunity located on 24th Street & Thomas Road in Phoenix, Arizona. The property, which previously operated as an Embassy Suites, offers the potential for a profitable 182-unit multifamily conversion with the conversion site plan expecting city approval in August, 2024. Thomas Suites presents a unique opportunity for investors looking to capitalize on the growing demand for multifamily housing in the Phoenix market. With a strategic location in a desirable neighborhood, the property benefits from its proximity to various amenities, including restaurants, shopping centers, and recreational facilities. Its convenient access to Arizona Route 51, Loop 202 & Phoenix Sky Harbor International Airport, make Thomas Suites an attractive option for renters looking for easy accessibility.