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.

Find the Complete Article Here: https://www.bizjournals.com/phoenix/news/2020/02/06/sarver-owned-investment-firm-buys-two-scottsdale.html?iana=hpmvp_phx_news_headline

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

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