Partners Group, a global private markets firm, in collaboration with Trinity Investments, has announced the acquisition of The Scottsdale Plaza Resort & Villas, located in Paradise Valley, Ariz. The resort will maintain its independence from any brand affiliation and will continue to be managed by Highgate.
Situated on nearly 40 acres of land in Paradise Valley, adjacent to The Ritz-Carlton Hotel & Residences, the property stands in one of Phoenix’s burgeoning areas. The resort consists of 404 rooms guest rooms and villa suites, along with 50,000 square feet of meeting space.
Trinity intends to implement a targeted capital plan aimed at cultivating a cohesive resort experience, catering to large groups, friends and family, and premium leisure travelers. The acquisition underscores the partners’ commitment to expanding their real assets portfolio and exemplifies the growing interest in real estate investments in dynamic markets like Phoenix. The city has emerged as one of the fastest-growing metro areas in the country, attracting more than 23 million visitors annually.
“The Scottsdale Plaza Resort & Villas is a prime example of an excellent property coming to market in need of a significant capital investment from a partnership like Trinity and Partners Group that can deliver a development plan for future growth,” says Sean Hehir, managing partner, president, and CEO of Trinity.
