Iconic Arizona Biltmore resort in Phoenix sold for $403 million

Wikicommons

By Catherine Reagor and Dawn Gilbertson | The Republic

The Arizona Biltmore, the historic Phoenix resort that had hosted every U.S. president since Herbert Hoover until Barack Obama broke the streak, has been sold for $403.4 million.

The 740-room resort near 24th Street and Missouri Avenue was sold to New York-based Blackstone Real Estate Advisors, according to public real estate records.

The deal closed Friday.

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