Case Studies

Back
C2 Brokerage | Scottsdale Plaza Resort

Scottsdale Plaza Resort

  • 7200 N. Scottsdale Road
    Paradise Valley , AZ 85253
  • Real Estate Type: Land
  • Square Feet: 40+ Acres

Project Overview

  • Iconic Hospitality Property on Scottsdale Road
  • 400+ Guest Rooms / +50,000 SF of meeting space
  • 40+ Acres

Challenge

  • Property is in the Town of Paradise Valley which has substantial zoning limitations
  • Property was in a trust and highly leveraged
  • There was sizable deferred maintenance

Solution

  •  Found buyer who simply loved the property as it stood
  •  Kept the management team on after the transition as the property is unique

Results

  • Sold to New York-based Highgate for $90.75 million
  • Trust got fully funded
  • Buyer got a one of a kind asset at a great price
Scroll to Top