July 26, 2024 5:06 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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