How will the Ritz-Carlton opening impact Paradise Valley’s revenue?

By Melissa Rosequist | YourValley

It’s been a long time coming, but the Ritz-Carlton Paradise Valley is expected to open this winter.

Scottsdale-based Five Star Development is leading the project that will include a new hotel, residences and a luxury shopping center known as The Palmeraie.

Paradise Valley residents have long been awaiting the new property, which was first approved more than six years ago, in January 2016. At the time of approval, Five Star Development officials anticipated a 2018 opening, which has been delayed for various reasons.

The hotel will be the first Ritz-Carlton to be build in north America in more than a decade, and is the centerpiece of a $2 billion, 122-acre luxury master planned development. The resort is to feature 215 hotel rooms, in addition to the Ritz-Carlton Residences, which offers multimillion-dollar estate homes, 81 condominium-style homes and 39 single family homes.


Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Top 10 multifamily builders for 2022

By Ranking Arizona | AZ Big Media Here are the Top 10 multifamily builders in Arizona, based on public voting for the 2022 edition of Ranking Arizona, the state’s biggest and most comprehensive business

Read More »