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Phoenix & Southwest  + Phoenix  + Hospitality  | 
387-room DoubleTree Hilton Paradise Valley sells for $115M

Scottsdale DoubleTree Resort Sells for $115M

The Phoenix Business Journal reports Southwest Value Partners (SVP) sold the property, The DoubleTree Resort by Hilton Paradise Valley, to Global Hospitality Investment Group (GHIC) for $115 million, or roughly $300,000 a key. The 378-room property is located near Scottsdale and Chaparral Roads in Scottsdale. Former Phoenix Sun’s owner Robert Sarver, who owns Southwest Value Partners, acquired the property in January 2020 for $100 million.

The DoubleTree Resort’s amenities include two swimming pools, a putting green, tennis courts, a ballroom, an on-site restaurant, and a fitness center. The resort has 11 different meeting and conference rooms with a total of 38,171 square feet of event space.

GHIG said in a statement that it “intends to refresh the property and invest additional capital to further enhance the hotel’s position as the premier, full-service resort destination in the Downtown Scottsdale area.”


Inside The Story

Robert Sarver

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.

  • ◦Sale/Acquisition