Braemar Hotels & Resorts has completed the sale of The Four Seasons Resort Scottsdale for a reported $372 million, transferring ownership of the luxury desert property to Evergreen Acquisitions, a newly formed public company. The Phoenix Business Journal previously reported that Braemar acquired the resort in 2022 for $267.8 million, making this latest transaction a notable change in valuation over a relatively short hold period.
The sale of the Scottsdale resort comes as Braemar continues to sell properties while progressing through its separation from Ashford, a hospitality real estate investment trust. As part of this broader portfolio repositioning, Braemar has recently disposed of several other high-end hotels. These include the Ritz-Carlton Sarasota in Florida, Hotel Yountville and the Bardessono Hotel and Spa in Yountville, California, and the Pier House Resort & Spa in Key West, Florida. Together, these transactions underscore a focused effort by Braemar to shed selected luxury assets during its corporate realignment.
The Four Seasons Resort Scottsdale originally opened in 1999. The resort offers 210 guest rooms, 22 of which are suites, positioning the property firmly in the luxury segment of the hospitality market. Guest accommodations are supported by an amenity package designed to serve both leisure travelers and group demand segments.
Resort amenities include a 9,000-square-foot spa and multiple on-site restaurants and bars that provide a range of food and beverage options. Outdoor offerings feature a bi-level pool and access to two golf courses, supporting the propertys appeal as a destination for both vacationers and corporate retreats. The resort also includes four pickleball courts and two tennis courts, reflecting demand for a variety of recreational activities.
In addition to guestrooms and amenities, the Four Seasons Resort Scottsdale provides 35,900 square feet of total indoor and landscaped outdoor event space. This event program comprises three ballrooms and two dedicated boardrooms, enabling the property to host meetings, conferences, weddings, and other group functions. The combination of luxury accommodations, spa and recreation facilities, and extensive event space positions the resort as a full-service hospitality asset within the Scottsdale lodging market.
Details beyond the headline purchase and sale prices, such as any assumed or new financing and specific transaction terms, were not disclosed in the available information. The identities of any advisors, brokers, or lenders involved in the deal were also not specified.
