Blackstone sell’s Arizona Biltmore for $705M ($1.003M/room) to a Henderson Park and Pyramid Global Hospitality JV

5/13/2024

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Phoenix Business Journal

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• Subcategory: Hospitality: Resort

• Tag: JV-Partnership | Sale

• Additional Filters-Tags: Sale: Single Property

• Company: Blackstone Group (NYSE: BX), Deutsche Bank (NYSE: DB), JPMorgan Chase & Co (NYSE: JPM), Morgan Stanley Real Estate Investments (MSREI)

A joint partnership between London-based private equity firm Henderson Park and Boston-based Pyramid Global Hospitality has acquired the 28-acre property for $705 million from investment management company Blackstone Inc.

Henderson Park

Scott Sterrett | Managing Director-US Real Estate

[email protected]

011-44-20-3167-6110

Pyramid Global Hospitality

Chris Devine | Chief Investment Officer

[email protected]

617-412-2815

Blackstone Group (NYSE: BX)

Scott Trebilco | Senior Managing Director, Hospitality

[email protected]

310-310-6949

Arizona

Hospitality

Blackstone sell’s Arizona Biltmore for $705M ($1.003M/room) to a Henderson Park and Pyramid Global Hospitality JV

Henderson Park

Pyramid Global Hospitality

Blackstone Group (NYSE: BX)

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