Contract peace achieved for $2B resort project

_{(Photo via Palmeraie Instagram)}

By Scottsdale Progress

Peace has come to The Palmeraie, a $2 billion Ritz-Carlton Paradise Valley resort project on the Scottsdale border that had been threatened by $60 million in liens filed by the lead contractor.

Developer Five Star Resort and Utah-based Layton Construction issued a joint statement saying “both parties have amicably resolved all issues between them related to the Paradise Valley Ritz-Carlton Resort Project.”

For its part, Five Star Resort said it “appreciates Layton’s contribution to this development” and that its work and that of its subcontractors “is of the quality one would expect for the Ritz-Carlton brand.”

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January 6, 2022

Scottsdale

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Contract peace achieved for $2B resort project

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