London-based Private Equity Real Estate Manager Buys Iconic Arizona Biltmore Hotel

 

www.bloomberg.com

Blackstone Agrees to Sell Luxury Arizona Biltmore Hotel for $705 Million

Natalie Wong

3 minutes 

• London-based Henderson Park is purchasing the Phoenix property
• Hotel owners have been selling off stakes in luxury resorts

January 23, 2024 at 6:30 AM EST

Blackstone Inc. struck a deal to sell the Arizona Biltmore hotel in Phoenix to Henderson Park, a London-based private equity real estate manager.

Blackstone agreed to sell the luxury hotel for $705 million, according to people familiar with the matter, who asked not to be named citing private matters. Spokespeople for Blackstone and Henderson Park declined to comment