By Rebekah Morris for Arizona Builder’s Exchange
Transcending championship golf courses – resort development of previous cycles relied on massive room counts located on the outskirts of town. Current resort development centers around the dining experience and spa, urban and infill locations, along with a reliance on residential units being integral to the overall plan.
Phoenix has seen five years of increasing demand with no increase in supply. In a very tough market sector that demands significant capital investment in a small area, two major resort developments are taking shape in Paradise Valley. Both aim to raise the bar on high-end hospitality developments in the Valley.