November 10, 2005 - Warnick & Company, LLC, acting as exclusive agent,
represented Resort Suites - Scottsdale, LLC in the sale of the Resort Suites
Scottsdale to Whitehall Street Global Real Estate Limited Partnership.
The 483-room resort is located at 7677 East Princess Boulevard, in north Scottsdale, Arizona. The resort is positioned as an independent, full-service resort specializing in golf packaging, although they enjoy a diverse business. Among other amenities, Resort Suites features Gordon's, a full-service restaurant and lounge; a health club; meeting space and boardrooms; and several resort pools.
Resort Suites was privately owned and managed prior to the sale and the Seller will remain as the management company after closing.
About Warnick & Company
Warnick & Company is a strategic advisory firm that specializes in lodging and recreational real estate. The firm provides consulting, asset management, and investment banking services to investors, developers, financial institutions, hotel companies, and governmental agencies. With offices in Chicago, Phoenix, and Los Angeles, the firm enjoys a national presence, but retains its boutique, client-driven focus.
Thomas F. Morone
|Also See:||Warnick & Company Sells the Radisson Poco Diablo Resort / September 2004|
|Warnick & Company Represeneted Hilton in Sale / March 2004|
|Warnick & Company Opens a Chicago Office, Expanding into Its Third National Market / Jan 2002|
|Arizona Lodging Insights / Year End 2000 / Warnick & Co. / March 2001|