The Twin Palms Hotel in Tempe will close its doors on Friday, May 16. The hotel is located across the street from ASU on Apache Boulevard, and has been a staple in Tempe since the 1970s, when it opened as a Howard Johnson's.
The peach hotel, with its Miami Beach feel, is seven stories tall with 144 rooms. The hotel has been the resting grounds for stars from Broadway musicals while on tour, according the Twin Palms website.
The hotel will be renovated, given a new name, and reopen in October, according to an article in the Phoenix Business Journal. Renovations have already begun, and part of the hotel and parking lot are blocked off on both sides of the hotel property.
There has been no word on a name for the hotel or what will take the place of the 24-hour IHOP adjacent to the hotel, so order up until June 1 when the pancake house will close its doors.
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As of this writing, management of the Twin Palms has not returned calls from Jackalope Ranch requesting further information on the closure and renovations.
The plans have been in effect since November 2013, according to records from the Maricopa County Register's Office. AJ Capital Partners, a Chicago-based company that renovates hotels and resorts in destination cities, purchased the property. As of this writing, AJ Capital Partners has not responded to requests for comment.
The property was purchased for $5.88 million according to county records.