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$63.5M Refi for Scottsdale Plaza Resort
The Scottsdale Plaza Resort, a 404-room, full-service, independently owned and operated resort hotel in the heart of Scottsdale, AZ, received $63.5 million in refinancing. HFF worked on behalf of the borrower, Scottsdale Plaza Resort, LLC, to place the loan with Apollo Commercial Real Estate Finance Inc. Loan proceeds will be used to refinance a maturing CMBS loan.
Owned and operated by the borrower since it opened in 1976, the property recently underwent a multi-million-dollar three-year renovation that modernized guest rooms and public spaces. Situated on 40 acres at 7200 N. Scottsdale Rd., the resort features five heated swimming pools, a 24-hour fitness center, walking trails, two lighted tennis courts, full-service salon and spa, 50,000 square feet of indoor/outdoor event space and multiple food and beverage options.
HFF’s Bryan Clark, Olga Walsh and Jeremy Womack represented the borrower.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing