November 17, 2024 7:26 pm
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SOLD! Arizona Biltmore changes hands in huge buyout

By Brandon Brown | Phoenix Business Journal

The Arizona Biltmore, one of the longest-running and most notable resorts in the Valley, is under new ownership and new management.

A joint partnership between London-based private equity firm Henderson Park and Boston-based Pyramid Global Hospitality has acquired the 28-acre property for $705 million from investment management company Blackstone Inc., according to real estate database Vizzda. The deal closed on May 8.

Read the subscription story from the Phoenix Business Journal.

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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.