Southwest Value Partners, Mark Schlossberg and Cary Mack co-managing partners, has completed the purchase of two hotel properties located in the world-class resort market of Scottsdale, Arizona, including the 235-room Hilton Scottsdale Resort & Villas and the 378-room DoubleTree Resort by Hilton Paradise Valley Scottsdale.
“The Phoenix/ Scottsdale area is a vibrant community that is experiencing tremendous, sustained growth,” Schlossberg and Mack said in a joint statement. “Both the Hilton Scottsdale and the Doubletree Paradise Valley are exceptionally well-located in close proximity to restaurants, entertainment, and shopping. We look forward to making numerous quality upgrades to the guestrooms, meeting space, and grounds and landscaping at both hotels that will further enhance the guest experience and solidify each property as a top resort destination.”
The Hilton Scottsdale Resort & Villas is a well-appointed resort situated on more than 25 acres at the southeast corner of Scottsdale Road and Lincoln Road in Scottsdale, Arizona. The AAA four-diamond property features 45 villas along with 190 guestrooms and suites, three restaurants, over 28,000 square feet of flexible indoor and outdoor meeting space, outdoor pool, 24-hour fitness facility, and an on-site spa.
The DoubleTree Resort by Hilton Paradise Valley Scottsdale is a AAA four diamond resort hotel featuring 378 rooms on 23 acres of prime real estate in Paradise Valley, Arizona, and includes more than 40,000 square feet of flexible indoor and outdoor meeting space, two heated outdoor pools, and a first-class fitness center.
Dimension Development will manage both the Hilton Scottsdale Resort & Villas and the DoubleTree Resort by Hilton Paradise Valley Scottsdale.
Included with the purchase of the hotels is an 11,000 square foot office building located adjacent to the Paradise Valley resort property.
Southwest Value Partners is a leading real estate investment company invested in institutional quality real estate in United States growth markets. The firm owns hotels and resorts in some of the most vibrant cities in the country, including Los Angeles, CA; San Diego, CA; Scottsdale and Tucson, AZ; New Orleans, LA; Nashville, TN; and Hilton Head, SC, among others.
Southwest Value Partners also holds Class A commercial office investments in growth markets including Phoenix, AZ; Austin, TX; Portland, OR; and Orlando, FL; as well as the Amazon Operations Center of Excellence currently under construction in Nashville, TN. Additionally, the firm owns and master plans more than 4,000 acres of commercial and residential land in the Greater Phoenix area, and multi-family residential assets in various other growth markets.