2 Arizona developers team up to purchase Ritz-Carlton Dove Mountain for $45.5M

By Steven Totten | Phoenix Business Journal

Two major Arizona developers teamed up to purchase the Ritz-Carlton Dove Mountain in Marana, one of the most highly praised resorts in the state.

David Mehl of Cottonwood Properties and Humberto S. Lopez of HSL Properties joined forces and purchased the hotel for $45.5 million. The sale closed on June 28.

Mehl, president and owner of Cottonwood Properties, developed The Ritz-Carlton, Dove Mountain hotel and surrounding 6,200-acre Dove Mountain community.

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July 22, 2016

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2 Arizona developers team up to purchase Ritz-Carlton Dove Mountain for $45.5M

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2 Arizona developers team up to purchase Ritz-Carlton Dove Mountain for $45.5M

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