Henderson Park Acquires Arizona Biltmore Hotel In Phoenix For $705M

Henderson Park, a London-based private equity real estate manager, has acquired the historic Arizona Biltmore hotel in Phoenix. The hotel was sold by Blackstone for a total of $705 million, equivalent to $1 million per room for the 705-room landmark. The Arizona Biltmore is a well-known and iconic hotel with a prime location at 2400 East Missouri Avenue in the Phoenix market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $705,000,000
• Address: 2400 East Missouri Avenue - Arizona Biltmore
• Market: Phoenix, AZ

Nick Weber from Henderson Park acted as the buyer in this deal, acquiring the Arizona Biltmore. On the other side, Stephen A. Schwarzman represented Blackstone as the seller. The transaction between Henderson Park and Blackstone marks a significant investment in the Phoenix hotel market.