BOSTON, Massachusetts, and SAN FRANCISCO, California—Rockpoint and Highgate announced the sale of the Scottsdale Plaza Resort and Villas, a historic hotel in Paradise Valley, Arizona. Terms of the transaction were not disclosed.
Centrally located in Paradise Valley, the Scottsdale Plaza Resort and Villas is a 404-room hotel with more than 50,000 square feet of event space, five pools, tennis courts, a fitness center, and spa amenities. The hotel is located in close proximity to Old Town Scottsdale and downtown Phoenix and is surrounded by the Sonoran Desert with nearby hiking trails and nearly 40 acres of gardens. Originally built in 1976, the hotel has a history as one of the largest operated resorts in Arizona.
“Rockpoint and Highgate executed on a shared vision for the resort, and we are pleased to have added significant value through several property enhancements, expense-saving initiatives, and strategic revenue optimization,” said Aric Shalev, a managing member and co-president at
…. to be continued
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : LodgingMagazine – https://lodgingmagazine.com/rockpoint-and-highgate-announce-sale-of-scottsdale-plaza-resort-and-villas/