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Westward Look Resort, Tucson from Strategic Hotel Capital Sonnenblick-Goldman Company arranges sale of the 4-star resort |
New York, NY - October 5, 2000 - SHC Westward Look, LLC has sold the
Westward Look Resort in Tucson, Arizona to Boutique Hotel Company.
Sonnenblick-Goldman Company, acting as the exclusive advisor, arranged
the sale of the 4-star resort. The Resort is located ten miles north of
downtown Tucson on East Ina Road. Westward Look was originally built in
1912 and contains 39 free-standing buildings which are designed as adobe
style casitas, featuring spacious guestrooms.
A destination resort located in the foothills of the Santa Catalina
Mountains, Westward Look Resort contains 244 guest rooms, 8 tennis courts,
three swimming pools, a fitness center, 8,100 square feet of meeting space
and a 3,400 square foot Wellness Center, which offers a variety of spa
services. In addition, the Resort features one of Tucson�s best restaurants,
the Gold Room, which is the recipient of Arizona Daily Star�s prestigious
Silver Spoon Award.
According to Mark Gordon, Managing Director of Sonnenblick-Goldman�s International Lodging & Leisure Group, �The acquisition of The Westward Look Resort represents a transaction with considerable value enhancement potential. While the Resort is in need of renovation, the opportunity exists, with a defined operating strategy, to create a unique conference center and spa resort. The property can support a variety of uses, including additional meeting space and guest rooms, as well the development of a time share component, which would significantly enhance the value of the Resort.� Sonnenblick-Goldman Company is the industry�s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman Company provides a full range of real estate financial services including debt and equity placements, joint ventures, investment sales and real estate advisory services. Headquartered in New York, Sonnenblick-Goldman Company maintains offices in Denver, Hong Kong, Miami, San Francisco, Singapore, Tokyo and Washington, D.C. |
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Jeannette Boccini Director of Corporate Communications Sonnenblick-Goldman Company 712 Fifth Avenue New York, NY 10019 212-841-9245 |
Also See | Insignia/ESG Hotel Partners Arranges Financing for Tucson�s Westward Look Resort / Sept 2000 |