Dynamic City Capital Acquires Canopy Scottsdale Old Town Hotel For $101.8M

The Canopy Scottsdale Old Town hotel in Scottsdale, AZ has been sold in a transaction worth $101,800,000. The property, located at 7142 E 1st Street, spans a total area of 128,083 square feet, resulting in a price per square foot of $795. The hotel was acquired by Dynamic City Capital from the seller, Miller Global. The deal was facilitated by the broker representatives Rick Rush and Carter Gradwell from CBRE.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $101,800,000
• Address: 7142 E 1st Street - Canopy Scottsdale Old Town
• Market: Scottsdale, AZ
• Square Footage: 128,083 SF
• Price Per Square Foot: $795

This sale transaction involved the buyer Dynamic City Capital and the seller Miller Global. The property's brokers, Rick Rush and Carter Gradwell from CBRE, played a key role in facilitating the deal.