**Trinity Sells JW Marriott Phoenix Desert Ridge for $865 Million**
Trinity Investments has sold the JW Marriott Phoenix Desert Ridge Resort & Spa—Phoenix’s largest resort—to Ryman Hospitality Properties for $865 million.
Originally acquired by Trinity in 2019 for $602 million with financial support from Elliott Investment Management, the 950-room resort underwent a major transformation under Trinity’s ownership. In 2023, a nearly $100 million renovation was completed, which included a fully refreshed lobby, redesigned guest rooms, the addition of a full water park complex, and the development of two new signature dining destinations. The property now features seven food and beverage offerings and includes two championship golf courses.
Sean Hehir of Trinity stated, “We have transformed the property into a landmark destination for both business and leisure travelers, and are proud to be able to deliver strong returns for our investors.”
Despite the ownership change, the resort will continue to operate under Marriott International’s JW Marriott brand. Ryman Hospitality Properties has indicated plans to explore both near- and long-term value creation opportunities.
This acquisition follows Ryman’s 2023 purchase of the JW Marriott San Antonio Hill Country Resort & Spa in Texas for $800 million.
