November 17, 2024 8:48 am
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Tucson developers buy Ritz-Carlton, Dove Mountain

RitzAZRE

David Mehl of Cottonwood Properties and Humberto S. Lopez of HSL Properties announced the formation of a new partnership that has completed the purchase of The Ritz-Carlton, Dove Mountain resort. The hotel will continue to be managed under a long-term management contract by The Ritz-Carlton Hotel Company, L.L.C. The hotel is one of only ten Forbes 5-Star Ritz-Carlton Hotels, and is rated the No. 1 hotel in Arizona.

Both Cottonwood and HSL are Tucson-based companies with long standing commitments to the Metro Tucson region. The hotel was sold by affiliates of both Cottonwood Properties and of Marriott International. The purchase closed on June 28, 2016. Financing was provided by National Bank of Arizona.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.