The hotel group announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Arizona to Host Hotels & Resorts for $400 million.
Opened in 1988, The Phoenician, A Luxury Collection Resort boasts a 300-acre setting at the base of Camelback Mountain. The AAA Five-Diamond, Forbes Four-Star rated Phoenician is located in one of the premium resort markets in the southwest, within close proximity tothe nightlife, galleries, museums and businesses of downtown Scottsdale. The 643-room resort features nine food and beverage outlets, approximately 83,500 square feet of indoor meeting space, and world-class recreation facilities, including a 27-hole championship golf course, seven outdoor pools and a 25,000 square-foot spa and fitness center.
The Phoenician, A Luxury Collection Resort, Scottsdale is the 36th Starwood property owned by Host Hotels & Resorts. On January 1, 2015, Starwood Hotels & Resorts was the 7th group worldwide in terms of number of rooms with 346,599 units at 1,207 properties according to MKG Hospitality, consulting firm founded by Georges Panayotis (Read our article).
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