San Manuel Investment Authority buys Fairmont Scottsdale Princess
Connect CRE reports the 750-key Arizona resort changed hands without disclosing a price or seller.
At a glance
The San Manuel Investment Authority acquired the Fairmont Scottsdale Princess in Scottsdale, Arizona, Connect CRE reported on Oct. 7, and the outlet's headline identifies the buyer as a tribe.
Connect CRE describes a 65-acre resort in the Sonoran Desert with 750 guest rooms and suites, including the Privado Villas.
The report gives no price and no seller, so the trade cannot yet serve as a comparable for Scottsdale resort pricing.
The San Manuel Investment Authority acquired the Fairmont Scottsdale Princess in Scottsdale, Arizona, Connect CRE reported on Oct. 7, and the outlet's headline identifies the buyer as a tribe.
Connect CRE describes a 65-acre resort in the Sonoran Desert with 750 guest rooms and suites, including the Privado Villas. The property also includes a 44,000-square-foot Well & Being Spa, six pools and five food and beverage outlets, among them signature restaurants by chefs the report calls renowned.
The report gives no price and no seller, so the trade cannot yet serve as a comparable for Scottsdale resort pricing.
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