Global Hospitality Investment acquires Doubletree Resort Scottsdale Paradise Valley
Global Hospitality Investment Group (GHIG), a prominent player in hospitality-centric real estate private equity, announced today its acquisition of the Doubletree Resort Scottsdale Paradise Valley. Nestled in the dynamic hospitality market of Paradise Valley, Scottsdale, Arizona, the property will continue to operate under the Hilton flag.
The financial details of the deal remain undisclosed.
The 23-acre property, ideally located between the bustling Kierland and Old Town Scottsdale areas, boasts 378 premium guestrooms, including 12 luxury suites offering panoramic views of the picturesque Camelback & Mummy Mountains. On-site amenities include two outdoor pools, four high-quality food and beverage options, versatile indoor and outdoor event spaces, tennis and basketball courts, and a state-of-the-art fitness center. A short drive from Downtown Scottsdale, the hotel offers easy access to local landmarks, shops, galleries, museums, and a variety of dining options.
Commenting on the acquisition, Global Hospitality Investment Group founder and CEO Kevin Colket said, “The Doubletree Resort Scottsdale Paradise Valley exemplifies our strategy of acquiring high-quality, irreplaceable assets in markets with strong demographic tailwinds and favorable supply and demand dynamics.
“With this acquisition, we will leverage our team’s expertise in interior design, branding, and asset management to elevate an already best-in-class, ideally located institutional property with an outlook for continued growth in the years to come. We’re also pleased to mark our first franchise partnership with Hilton, and look forward to working together to realize our vision for bringing this property to its greatest potential.”
Global Hospitality Investment Group plans to further enhance the resort’s appeal to both leisure and business travelers, with meaningful improvements backed by the firm’s vertically integrated platform and the support of its market-leading advisors in interior design, branding, and CAPEX. This acquisition signifies Its commitment to positioning the property as the premier full-service resort destination in the Downtown Scottsdale area.