Alan Waxman Of Sixth Street Partners And Suril Shah Of Riller Capital Acquire Four Seasons Resort Scottsdale For $372M

The property involved in this transaction is a luxury hotel located at 10600 East Crescent Moon Drive in Scottsdale, AZ. The sale price was $372,000,000 for the 210-room Four Seasons Resort Scottsdale, which spans across 38 acres of land including 13 acres of additional developable land. The price per key is $1,771,429, and the investment reflects a 5.8% cap rate after anticipated capital expenditures.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $372,000,000
• Buyer: Alan Waxman - Sixth Street Partners; Suril Shah - Riller Capital
• Seller: Richard Stockton - Braemar Hotels and Resorts Inc
• Keys: 210
• Acres: 38
• Price per Key: $1,771,429
• Cap Rate: 5.8% after anticipated capital expenditures

The transaction was executed by Richard Stockton representing Braemar Hotels and Resorts Inc as the seller, alongside Alan Waxman and Suril Shah who represented their respective firms, Sixth Street Partners and Riller Capital, as buyers. This sale emphasizes the active market for luxury resort assets in Scottsdale, providing a notable example of high-value real estate transactions in the area.