Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Phoenix  + Hospitality  | 
Smoke Tree Resort to get total redevelopment

Walton Global to Demo, Redevelop PV’s Smoke Tree Resort

The shuttered Smoke Tree Resort in Paradise Valley will be demolished to make way for an 82-room resort and on-site restaurant. Scottsdale-based Walton Global Holdings LLC recently received unanimous approval by the town council to redevelop the Smoke Tree, which was built in 1954.

The 5-acre site is on the southwest corner of Scottsdale Road and Lincoln Drive. Besides the rooms and restaurant the resort will also have a cocktail bar and café as well as a spa and resort-style pool. The main building will have 77 of the hotel rooms while the other five will be in single-story casitas.

The Phoenix Business Journal reports Walton Global acquired the land for $14 million in June 2022, from Geneva Holdings.

The location of Smoke Tree Resort is just to the south of the planned Ritz Carlton Paradise Valley and The Palmeraie retail center — a $2 billion, 122-acre luxury master-planned community.


Inside The Story

Walton Global

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.

  • ◦Development