Global Hospitality Investment Group Acquires DoubleTree Resort By Hilton Paradise Valley For $115M

The DoubleTree Resort by Hilton Paradise Valley, located at 5401 N Scottsdale Rd in Scottsdale, AZ, has been acquired by Global Hospitality Investment Group (GHIC) from Southwest Value Partners (SVP) for a sale price of $115 million. This hotel asset comprises 378 keys, with an approximate price per key of $304,233.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $115,000,000
• Address: 5401 N Scottsdale Rd
• Market: Scottsdale, AZ
• Buyer: Global Hospitality Investment Group
• Seller: Southwest Value Partners
• Keys: 378
• Price Per Key: $304,233

Global Hospitality Investment Group (GHIC) has successfully acquired The DoubleTree Resort by Hilton Paradise Valley from Southwest Value Partners (SVP). This transaction was finalized for a total purchase price of $115 million, equating to an average of $300,000 per key. The resort, situated at 5401 N Scottsdale Rd in Scottsdale, AZ, presents an appealing investment opportunity for GHIC in the thriving Scottsdale market.