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New Owner of XONA Resort Suites in Scottsdale, Arizona, Sunstone Realty Advisors,
Chooses Tower Rock Hotels and Resorts to Manage Property

SCOTTSDALE, Ariz. – XONA Resort Suites Scottsdale, your home-away-from-home when vacationing in the Sonoran Desert, is now operating under new ownership.  Sunstone U.S. Opportunity (No. 3) Realty Trust was created by Sunstone Realty Advisors, of Vancouver, British Columbia and assumes ownership of the hotel effective January 27th, 2011.

Tower Rock Hotels & Resorts will be managing the property on behalf of Sunstone through their operating entity TRX Management LLC. 

"We are thrilled to add XONA Resort Suites Scottsdale to our expanding portfolio of hotels and resorts,” said John C. O’Neill, President of TRX Management LLC. “XONA has a unique niche in the market and we see a lot of similarities between XONA and our four existing Canadian properties. We are also pleased to announce that a multi-million dollar renovation program will be implemented soon at the property”

XONA Resort Suites is well known for its unique variety of one, two, three, and four-bedroom suites which are ideal for a family vacation, corporate outing, or a buddies golf trip. It’s a great setting providing luxuriously appointed private accommodations with the option of accessing spacious living rooms and full kitchens – perfect for groups of friends or family traveling together. Playing golf?  XONA’s golf vacation planners (called Xperts) are capable of booking rounds of golf at more than 40 Arizona golf courses in a wide range of price points, including some renowned private clubs typically unavailable to resort guests.  Couple this with four sparkling resort pools, on-property meeting space including the 3,600 sq ft Pavilion Ballroom, the Asada Desert Grille featuring southwest fusion cuisine, and the popular Orange Iguana Lounge and outdoor patio, XONA represents the easiest path to enjoying a fabulous Arizona vacation.

Tower Rock Hotels & Resorts is a wholly owned subsidiary of O’Neill Hotels & Resorts Ltd. Previously recognized by Foodservice & Hospitality Magazine as Canada’s fastest growing hotel company, O’Neill Hotels & Resorts Ltd is a leading North American hotel management company that currently owns and operates four hotels in Western Canada –Westin Resort & Spa, Whistler, Westin Grand Hotel, Vancouver, the Coast Blackcomb Suites at Whistler, and the Oceanfront Grand Resort and Marina, Cowichan Bay. After experiencing immediate success, O’Neill Hotels & Resorts leveraged its knowledge of the hotel industry and founded Canada’s first public Real Estate Investment Trust – Canadian Hotel Income Properties (CHIP REIT). The essence of O’Neill Hotels & Resorts is a symbiotic partnership of two brothers and successful hoteliers, Rob and John O’Neill with a combined 60 years of hotel and resort industry experience. For more information or to book reservations call (604) 684-0444 or visit www.oneillhotels.com.

Sunstone was founded by Steve Evans and Darren Latoski and is headquartered in Vancouver, British Columbia. Sunstone has a portfolio of revenue-producing properties located in the major markets of Canada and the U.S. Through its national prospectus offerings, Sunstone gives investors the opportunity to participate in institutional quality commercial real estate investments with a professional management team.  Since 2002, Sunstone’s Canadian funds have acquired 60 properties totaling $540 million and their US funds have acquired seven apartment properties and one hotel totaling $180 million USD.  For more information on Sunstone Realty Advisors please visit www.sunstoneadvisors.com.

Nestled in the beauty of Scottsdale, XONA Resort Suites Scottsdale enjoys an ideal location for both leisure and business travelers – in the heart of the rapidly growing North Scottsdale corridor, close to world-class shopping, and steps from some of the nation’s most sought after golf courses.  XONA offers guests a tranquil escape with unprecedented flexibility in accommodations, full-service amenities and seamless access to golf and spas.  XONA is located at 7677 East Princess Boulevard in Scottsdale. For more information or to book a reservation please visit www.xonaresort.com or call (888) 222-1059.
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Contact: 

XONA Resort Suites
Ron Samardzia
Director of Sales & Marketing
rsamardzia@xonaresort.com
480-585-1481
 
O’Neill Hotels & Resorts
Tony Cary-Barnard
VP Special Projects
tonycarybarnard@gmail.com
480-585-1234

Sunstone Realty Advisors
Andrew Greig
Director of Business Development
Andrew@sunstoneadvisors.com
  604-681-5959

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