Paradise Valley Resort Changes Hands

A joint venture between Partners Group, acting on behalf of its clients, and funds managed by Trinity Investments acquired The Scottsdale Plaza Resort & Villas, located in Paradise Valley. Highgate and private equity firm Rockpoint Group were the sellers.

The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa suites, as well as 50,000 square feet of meeting space. The transaction also includes the potential for expansion with entitlements secured by the seller. Last year the hotel upgraded all its rooms and added 64 units.

The Resort is located on nearly 40 acres and is directly adjacent to The Ritz-Carlton Hotel & Residences, Paradise Valley, and its surrounding developments.

The Resort will remain unencumbered by brand and will continue to be managed by Highgate.

This acquisition extends the partnership between Partners and Trinity, which began with their first joint venture in 2022 with The Las Colinas Resort in Dallas, which recently converted to The Ritz-Carlton Dallas, Las Colinas.