Modern, European-inspired hotel brings elevated simplicity to Old Town Scottsdale

SCOTTSDALE, Ariz., March 10, 2026 /PRNewswire/ -- Old Town Scottsdale is now home to a modern, European-inspired hotel, AC Hotel Scottsdale Old Town, located at 7117 E. 3rd Ave. Designed for travelers who value intentional design and elevated simplicity, the six-story hotel brings AC Hotels by Marriott's signature European-inspired aesthetic and "Perfectly Precise" guest experience to one of the city's most dynamic neighborhoods.

Developed, co-owned, and managed by PEG Companies [PEG], a vertically-integrated commercial real estate investment company, the property blends refined design with Scottsdale's vibrant energy. The hotel officially opened its doors on February 26, 2026, bringing 168 thoroughly designed guestrooms and approximately 50 new hospitality jobs to the area.

"Old Town Scottsdale continues to evolve as a premier travel destination," said Joe Madera, Vice President of Hospitality at PEG Companies. "Our vision for this property was to introduce a hospitality experience that feels intentional, refined, and deeply connected to its surroundings. We're proud to invest in a property that brings long-term value to the heart of this community."

The first floor functions as an inviting lobby that features the brand's signature AC Lounge, offering tapas-style small plates, local craft beers, and handcrafted cocktails. The space reflects a modern European sensibility while drawing inspiration from its desert surroundings and the creative energy of the nearby Scottsdale Arts District. Collaborative tables, ample plug-in access, and intuitive service elements create a seamless environment for working, socializing, or unwinding. The AC Kitchen also offers a European-inspired continental breakfast each morning. The ground level showcases a selection of purpose-designed meeting and event rooms equipped with the latest audiovisual technology, offering a sophisticated setting for corporate gatherings and private events alike. The top floor houses a 950-square-foot, 24/7 fitness center with modern equipment and floor-to-ceiling windows overlooking the Valley, alongside a rooftop pool with sweeping views of Camelback Mountain and the Old Town skyline.

Each guest room is designed with AC Hotels' signature European-inspired aesthetic, prioritizing openness, efficiency, and understated sophistication. Sleek furnishings, hardwood flooring, and an open-concept wardrobe maximize space, while built-in USB ports and complimentary Wi-Fi support a connected stay. Guests will also have access to valet-only parking with a three-level underground garage and pet-friendly accommodations for guests traveling with small dogs up to 50 pounds.

Additionally, the hotel is also home to Cielito, the rooftop bar and restaurant developed in collaboration with The Wayfaring Group (TWG). With about 70 seats total, Cielito delivers a modern yet intimate rooftop experience inspired by the coastal and desert regions of Northwest Mexico.

TWG's Chef Shon Foster, of Amangiri fame, crafted a menu of elevated, shareable dishes rooted in bright citrus, charred elements, and bold regional flavors. The cocktail program highlights agave spirits and seasonal ingredients, designed to be refreshing and sunset-ready.

"With Cielito, we wanted to create something that feels vibrant yet grounded; a rooftop experience inspired by the coastal and desert regions of Northwest Mexico, but interpreted in a way that feels natural to Scottsdale," said Chef Shon Foster. "The menu is built around bright citrus, smoke, and shareable dishes that invite people to slow down, connect, and stay awhile, especially at sunset."

Ideally located within walking distance of Scottsdale Stadium, local galleries, restaurants, nightlife, and retail, the AC Hotel Scottsdale Old Town offers seamless access to the best of Old Town.

To learn more or book a reservation, please visit https://www.marriott.com/en-us/hotels/phxdc-ac-hotel-scottsdale-old-town/overview/. To learn more about PEG Companies, please visit https://pegcompanies.com/.

About AC Hotels by Marriott®
AC Hotels includes over 250 hotels in 33 countries and territories. At AC Hotels, every moment has been designed, refined, crafted, and considered to create a seamless guest experience. Each AC Hotel features purposefully designed signature spaces that strike the perfect balance of form and function. Most notably, the AC Lounge® invites guests and locals alike to collaborate during the day, or to enjoy signature cocktails and tapas in the evening. The AC Kitchen offers a European-inspired breakfast each morning. All AC guest rooms and public spaces evoke a particular sophistication, featuring sleek furnishings, curated artwork, and intuitive technology. The brand is dedicated to the details that matter most to guests during their travels with a mission to deliver The Perfectly Precise Hotel™ experience. For more information, visit www.ac-hotels.com and follow along on Facebook, X, and Instagram. AC Hotels is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits, including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

About PEG Companies:
PEG Companies ["PEG"] is a full-service commercial real estate investment firm known for its unique approach to creating value. A vertically integrated organization with five highly synergistic companies that each manage a different aspect of PEG's investments, the group is known for its hands-on involvement through the entire investment process. With $2 billion AUM diversified across the multifamily, build-for-rent, student housing, mixed-use, retail, and hospitality asset classes throughout 27-plus states/provinces, the firm sponsors multiple investment products on behalf of its investors. For more information on PEG, visit pegcompanies.com.

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SOURCE PEG Companies