Trinity Investments Acquires Scottsdale Plaza Resort & Villas From Rockpoint & Highgate

The Scottsdale Plaza Resort and Villas in Paradise Valley, Arizona, was recently sold for $124.3 million. The property, located at 7200 North Scottsdale Road, spans 50,000 square feet with a price per square foot of $2,486. The sale included a total of 404 keys, equating to a price per key of $307,673.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $124,300,000
• Buyer: Trinity Investments
• Seller: Aric Shalev - Rockpoint & Zach Berger - Highgate

Rockpoint and Highgate were the sellers in this transaction, announcing the sale of the Scottsdale Plaza Resort and Villas to Trinity Investments. Trinity Investments acquired the property at the mentioned address in Paradise Valley, Arizona, solidifying the deal at a significant price of $124.3 million.