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Phoenix & Southwest  + Phoenix  + Hospitality  | 
The Phoenix Camby Hotel sells for $110M

Phoenix Luxury Hotel Sells for $110M

Host Hotels and Resorts has sold The Camby in Phoenix for $110 million, or nearly $400,000 a key. AZ Big Media has reported that a group affiliated with KHP Capital Partners acquired the Biltmore-area resort.  The deal came with $84,450,000 in seller-carried debt. The hotel is located in the Camelback Corridor.

The Camby, Autograph Collection is part of Marriott’s Autograph Collection.

Situated amidst the Biltmore Corridor, 7 miles from Phoenix Sky Harbor International Airport, The Camby is one of Phoenix’s most notable destinations. A dynamic fusion of the professional and playful. There are 277 guest rooms and suites, many with a view of Camelback Mountain. The hotel was a Ritz-Carlton until it changed its branding in 2016.

KHP focuses on the acquisition of existing full-service hotels that can benefit from enhanced branding and management, renovation and repositioning of hotels in need of capital.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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