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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
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
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