Boutique hotel is headed to Phoenix’s Roosevelt Row

PHOENIX — Downtown Phoenix will get a new hotel as construction begins on the boutique hotel FOUND:RE.

The 104-room hotel will take the place of the former Lexington Hotel on Portland Street and Central Avenue near Roosevelt Row.

The Lexington Hotel closed in 2012; doors to the new place are slated to open in early 2016, according to a press release.

FOUND:RE’s design concepts will include concrete floors, exposed ceilings and floating beds.

The hotel will feature an on-site restaurant and also plans to display local art.

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