Henderson Park Acquires Iconic Arizona Biltmore From Blackstone Real Estate for $705 Million
Phoenix & New York – May 20, 2024 – Henderson Park, the international private equity real estate firm, announced today that it has completed the acquisition of the Arizona Biltmore resort in Phoenix, Arizona, from Blackstone Real Estate for $705 million.
The iconic 705-key, luxury, full-service hotel has recently undergone a substantial renovation with broad appeal to premier leisure, corporate and group guests, underpinned by growing demand in the submarket.
Originally opened in 1929, set on 39 acres of land and located in the heart of Phoenix a mere 15 minutes from Sky Harbor International Airport, the "Jewel of the Desert” resort boasts an impressive amenity offering including over 200,000 sq ft of meeting space; seven swimming pools; multiple food and beverage outlets; and a ...