Sarver-Owned Investment Firm Buys Two Scottsdale Resorts for $162M

Article originally posted on Phoenix Business Journal on February 7, 2020

A real estate investment firm founded by Phoenix Suns owner Robert Sarver has purchased two of the largest resorts in the Scottsdale area.

San Diego-based Southwest Value Partners, which has offices in Scottsdale and Nashville, purchased the Hilton Scottsdale Resort & Villas and the Doubletree Resort by Hilton Paradise Valley-Scottsdale on Jan. 31, according to real estate database Vizzda.

Both properties were sold by San Francisco-based real estate private equity firm Rockpoint Group LLC.

The 378-room Doubletree Resort sold for $100 million, and the 235-key Hilton Scottsdale Resort sold for $62 million.

The two resorts are about one mile from each other on Scottsdale Road. The Doubletree Resort was built in 1982, and the Hilton Scottsdale Resort was built in 1979.

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The Hilton Scottsdale Resort & Villas pool, which was renovated in 2016.