Hotel Transaction Arizona
The Scottsdale Plaza Resort & Villas Sold
37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites
37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites
The property spans more than 23 acres on Scottsdale Road and features 378 premium guestrooms, including 12 suites with panoramic views of the scenic areas surrounding Camelback & Mummy Mountains.
HCW announces the purchase of the 127 guest room Hyatt Place Phoenix Gilbert. The six (6) story Hyatt property was built in 2009 and recently experienced a partial renovation. HCW plans to continue the upgrades in the coming year.
Braemar Hotels & Resorts Inc. (NYSE: BHR) today announced that it has completed the acquisition of the luxury 210-room Four Seasons Resort Scottsdale at Troon North in North Scottsdale, previously announced on November 1, 2022. The total consideration for the acquisition was $267.8 million.
The property was sold via an online auction on Ten-X. It was purchased by Nogales Hospitality LLC of Nogales, Arizona, from Lok Group of Companies of Petaluma, California.
Braemar Hotels & Resorts Inc. (NYSE: BHR) today announced it has entered into a definitive agreement to acquire the 210-room Four Seasons Resort Scottsdale at Troon North.
NewGen Advisory (NewGen) assisted in the acquisition of the 40-unit Rodeway Inn by the city of Tempe to expand the citys housing and shelter options.
NewGen Advisory (NewGen) assisted in the acquisition of the 44-unit Travelodge Hotel by Housing Solutions of Northern Arizona (HSNA) to expand the citys housing and shelter options.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced the opening and acquisition of the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona, for a gross purchase price of approximately $64.6 million, or approximately $249,000 per key.
A joint venture among funds managed by Trinity Real Estate Investments LLC and funds managed by Elliott Management Corporation today announced the acquisition of the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix.