|LOS ANGELES, March 4, 2004 – Warnick & Company, Inc. announced
that it has completed the sale of the Doubletree La Posada Resort, a 262-room
full-service hotel situated on 30 acres of prime real estate in Paradise
Valley, Arizona. Warnick & Company represented Hilton Hotels Corporation
of Beverly Hills.
investment banking services to investors, developers, financial institutions,
hotel companies, and government agencies. For more information on Warnick
& Company, please visit our website at www.warnickco.com.
|Southern California-based Crown Realty
& Development Corporation, with offices in Irvine and Beverly Hills,
purchased through its subsidiary, PV Resort and Associates LLC. The Buyer
proposes a major renovation and repositioning.
Warnick & Company is a strategic advisory firm that specializes
in the lodging and recreational real estate industries. The firm provides
consulting, asset management, and
Doubletree-La Posada Resort
4949 East Lincoln Drive
Scottsdale, Arizona 85253