November 23, 2024 4:12 pm
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Gold Canyon resort sells for $29.4M

By Mike Sunnucks | Rose Law Group Reporter

The Gold Canyon Golf Resort & Spa has sold for $29.4 million.

GCG Holdings LLC (a consortium from Canada) sold the golf resort to Gold Canyon MJ LLC. (Marvin and Marge Klinker).

Walter Unger with West USA Realty / Commercial Division represented the seller. Unger was the only Broker involved in the transaction.

The 370-acre property has two championship golf courses, a hotel and spa with 97 casitas as well as conference and wedding facilities. The property also has 67 acres of developable land.

Unger said the buyer will start building 49 new townhouses which are already approved for development. Unger said the new owners will also look to move forward with other development plans at the property.

Unger listed the property for sale last year. It is located in the foothills of the Superstition Mountains.

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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.