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Latest News in Biltmore, AZ

AC Hotel Phoenix Biltmore sells for $67.8 million

Holualoa Companies and LaPour Partners announced the sale of the AC Hotel Phoenix Biltmore by Marriott for $67.8 million to Nella Invest.READ MORE: 50 commercial real estate companies to watch in 2023The sale closed in late January at $423,750 per room, which represents the highest price per room of an ...

Holualoa Companies and LaPour Partners announced the sale of the AC Hotel Phoenix Biltmore by Marriott for $67.8 million to Nella Invest.

READ MORE: 50 commercial real estate companies to watch in 2023

The sale closed in late January at $423,750 per room, which represents the highest price per room of an upscale select-service hotel in Phoenix history. Located at 2811 E. Camelback Road in the exclusive Biltmore area of Phoenix, the hotel attracts both business and leisure travelers.

The hotel was developed as part of a mixed-use project along with the Camelback Collective Office Building, which sold in July of 2022. The land was purchased by co-developers Holualoa and LaPour Partners in October 2016. The 160-room hotel opened its doors two years later. The hotel features a modern design and finishes throughout. Guest rooms, which include a mix of traditional rooms and suites, feature views of Biltmore and Piestewa Peak. The five-story hotel offers a variety of amenities, including the AC Kitchen & Lounge, a fitness center, business center, outdoor pool, sundry shop, guest laundry and over 5,000 square feet of meeting space.

The hotel is located along the Camelback Corridor, which offers a growing collection of luxury retail, upscale restaurants, nightlife and corporate offices, and is surrounded by some of the region’s most exclusive residential communities. The Camelback Corridor is home to an abundance of high-quality tenants and premium office space which commands market leading rents.

“The value per room speaks to the strength of the Marriott AC brand, the property’s prime location and beautiful design, and the overall execution of our operations team. Holualoa continues its initiatives to develop innovative, institutional grade multi-family and hotel projects in the Arizona market,” said Lani Baker, Chief Financial Officer of Holualoa Companies.

“This AC hotel is an irreplaceable asset based on location and extreme limitations on new supply. As part of a walkable mixed-use development, the hotel checks all the boxes for an excellent long-term hold for Nella,” said Jeff LaPour, President of LaPour Partners.

JLL Hotels & Hospitality represented the seller, Holualoa Companies and LaPour Partners in the sale to Nella Invest, with Halo Hospitality and DCA Partners as advisors to the buyer. The property was managed by the Azul Hospitality Group.

The JLL team representing the seller was led by Executive Vice President Melvin Chu and Senior Managing Director John Strauss, with local support from Senior Managing Director Ben Geelan.

“The Phoenix lodging market has demonstrated strong resiliency and outsized growth benefiting from exceptional market fundamentals,” Chu said. “The AC Phoenix Biltmore is poised to maintain its position as one of the top performing assets in the market and benefit from the continued growth of Phoenix.”

Biltmore reopens refreshed Tierra Luna Spa and Sol Garden

Arizona Biltmore, A Waldorf Astoria Resort, is ushering in a new era of spa and wellness offerings to accompany the resort's restored dining venues, revamped luxury accommodations, and the addition of Spire Bar and exclusive on-property Citrus Club. Instilling a renewed trove of contemporary wellness experiences, the refreshed ...

Arizona Biltmore, A Waldorf Astoria Resort, is ushering in a new era of spa and wellness offerings to accompany the resort's restored dining venues, revamped luxury accommodations, and the addition of Spire Bar and exclusive on-property Citrus Club. Instilling a renewed trove of contemporary wellness experiences, the refreshed Tierra Luna Spa and Sol Garden is home to a host of innovative treatments, now including a state-of-the-art, standalone SALT Chamber. Recently named a Four-Star Spa by Forbes Travel Guide, the iconic resort's desert oasis seamlessly showcases the stunning therapeutic structure, which comes equipped with pure-grade Himalayan salt to boost immunity, improve mood and revive skin.

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Complementing the spa's distinct treatment menu, Tierra Luna Spa and Sol Garden's transformative outdoor space is set amidst ethereal mountain views and ocotillo coves, and is artfully outfitted with a cold plunge pool, hot tub, invigorating rain shower, and a wellness bar serving immune-boosting cocktails and zero-proof refreshments. Now wielding a dedicated salt therapy room, the Sol Garden is taking relaxation to the next level for an immersive wellness experience, complete with salt halotherapy and a robust menu of signature offerings.

"The Tierra Luna Spa and Sol Garden makes a perfect metaphysical oasis for a halotherapy treatment room, especially for those looking to cleanse their respiratory systems and revive their skin after being in the dry desert air," says Becky Leuluai, Senior Director of Spa and Retail at the spa. "Our transcendent approach to wellness is something we specialize in, and we look forward to guests experiencing halotherapy treatments as part of their cosmic journey through Tierra Luna Spa."

Incorporating a holistic approach, the treatment menu at Tierra Luna Spa and Sol Garden reflects the core pillars of Desert Botanicals, Cosmic Connection, and Dynamic Recovery. Indigenous mud, desert herbs and native scents are utilized throughout the spa menu to pay tribute to the resort's desert surroundings, all brought to life through Signature Massage + Body Experiences, Skin Care, Soaking Experiences, Cosmic Experiences, and Finishing Touches.

The Tierra Luna Spa hours are 9:00 a.m. – 7:00 p.m. daily. Reservations can be made by calling (602) 955-6600. For more information about Arizona Biltmore, A Waldorf Astoria Resort, visit www.arizonabiltmore.com. For more information on the spa and Sol Garden menu or to book an experience, please visit www.tierralunaspa.com.

Two star-studded Super Bowl parties coming to the Phoenix-area

PHOENIX (3TV/CBS 5) -- Super Bowl week will be filled with all sorts of activities, from the Super Bowl Experience to ESPN’s Mainstreet Tailgate and much more! Tons of celebrities are heading to the Valley of the Sun to perform or party. We’ve combed through all the parties, and here are two th...

PHOENIX (3TV/CBS 5) -- Super Bowl week will be filled with all sorts of activities, from the Super Bowl Experience to ESPN’s Mainstreet Tailgate and much more! Tons of celebrities are heading to the Valley of the Sun to perform or party. We’ve combed through all the parties, and here are two that are sure to be epic!

Let’s start with a party in an airplane hangar with one of the biggest names in hip-hop, Drake. Sounds pretty amazing! The h.wood group’s homecoming experience is returning to the Super Bowl again after a star-studded event in Los Angeles in 2022.

The company, which owns restaurants and clubs, is set to throw one of the best parties in Phoenix the Friday before the Super Bowl. Drake will perform during a concert at Scottsdale Hangar One. A Drake concert in a plane hangar? Sounds good!

John Terzian and Brian Toll of The h.wood Group told Billboard that they saw a huge success with their popup party in L.A. last year, saying “this year’s lineup of talent and experiences promise to create yet another unforgettable evening leading up to the big game weekend.”

According to the promoters, the two-story space at Scottsdale Hangar One will showcase artists and experiences. There will also be music by Zack Bia & Night Owl Sound. The tough part is, getting in. The event is invite-only, so the only way is if you know someone.

RELATED: Arizona Biltmore to host invite-only party in time for Super Bowl LVII

If that party isn’t impressive enough, wait until to hear who will be hanging out at Arizona Biltmore Resort the Saturday before the Super Bowl. Jay-Z, Kevin Hart, Shaquille O’Neal, Alex Rodriguez, Peyton & Eli Manning, Devin Booker and Chris Paul are expected to attend the Fanatics party at the Arizona Biltmore. And those are just the guests!

Billionaire Michael Rubin, the creator of sports apparel shop Fanatics, is throwing the party where Travis Scott, J Balvin, Lil Baby and The Chainsmokers will perform. The guest list, which included major A-listers, does not even account for celebrities who may show up. Here are some photos from last year’s event in L.A.

Rubin’s parties have been known to draw some of the most influential people in sports, music, media and entertainment. His party is set to start on Saturday afternoon ahead of the big game. And, as you can imagine, this one is nearly impossible to get into. Rubin’s party, like the Drake event, is invite-only. Security is sure to be tight, so don’t bother trying to slip into either of these events.

Copyright 2023 KTVK/KPHO. All rights reserved.

Forbes' 2023 5-star hotels include these Arizona icons. Here are the hotels that ranked

Arizona has just received more accolades for outstanding luxury travel experiences.Twelve hotels and resorts in metro Phoenix, Sedona and Tucson have ranked highly in Forbes Travel Guide's 2023 Star Awards.Forbes Travel Guide, which describes itself as "the global authority on luxury hospitality," awarded five-star ratings to 360 hotels nationwide. Two Arizona hotels received five stars: ...

Arizona has just received more accolades for outstanding luxury travel experiences.

Twelve hotels and resorts in metro Phoenix, Sedona and Tucson have ranked highly in Forbes Travel Guide's 2023 Star Awards.

Forbes Travel Guide, which describes itself as "the global authority on luxury hospitality," awarded five-star ratings to 360 hotels nationwide. Two Arizona hotels received five stars: Canyon Suites at the Phoenician in Phoenix — which U.S. News & World Report just named the No. 2 hotel in the U.S. — and the Ritz-Carlton, Dove Mountain in Marana, near Tucson.

"The hotels ... on our 2023 Star Rating list demonstrate an impressive commitment to creating memorable environments that nurture connection, joy and sense of place as we experience the world to its fullest," Amanda Frasier, president of ratings for Forbes Travel Guide, said in a statement.

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How many Arizona hotels did Forbes recognize?

Forbes recognized 12 Arizona hotels in its 2023 ranking. Two received a five-star rating, the highest on the scale. Five hotels received four stars and the remaining five were recognized as Recommended hotels.

How does Forbes rate hotels?

Forbes says it classifies luxury hotels into three categories:

Forbes' website says "highly trained inspectors" visit every hotel and resort they recognize, staying at least two nights and assessing the hotel based on more than 900 standards. The anonymous inspectors pay their own way.

"No one can buy a rating; all ratings are earned through our objective inspection process," Forbes stated.

Coming soon:Biggest hotel openings and renos in metro Phoenix in 2023

Forbes 5-star hotels in Arizona

Forbes 4-star hotels in Arizona

Forbes recommended hotels in Arizona

Outstanding places:Why these 2 iconic Arizona destinations are TripAdvisor's Travelers' Choice picks for 2023

Reach the reporter at Michael.Salerno@gannett.com. Follow him on Twitter @salerno_phx.

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Office towers, apartments could be added to two major Phoenix-area shopping malls

Macerich, the operator and owner of many of Phoenix’s top malls, is looking to round out the surrounding areas of some of their shopping destinations with class A office buildings and multifamily housing.Plans are in the works for up to 750,000 square feet of new office development in two prominent areas of the Phoenix metro, Macerich CEO Tom O'Hern said during a fourth quarter of 2022 earnings ca...

Macerich, the operator and owner of many of Phoenix’s top malls, is looking to round out the surrounding areas of some of their shopping destinations with class A office buildings and multifamily housing.

Plans are in the works for up to 750,000 square feet of new office development in two prominent areas of the Phoenix metro, Macerich CEO Tom O'Hern said during a fourth quarter of 2022 earnings call earlier this month.

"At Biltmore Fashion [Park in Phoenix], we're advancing plans for a 10-story, 250,000-square-foot class A office tower, including best-of-class retail and food and beverage. Plans are also evolving for a 250-unit luxury apartment complex at Biltmore," O'Hern said. "At Scottsdale Fashion Square, we're moving forward with plans for multifamily, residential and up to 500,000 square feet of class A office. This is in addition to the re-merchandising of the Nordstorm wing with luxury brands and dining, which is well underway. "

So far, no plans for the projects have been filed with the cities of Phoenix or Scottsdale, said Scott Nelson, senior vice president of real estate development for Macerich (NYSE: MAC) . He added that Macerich will work over the next 18 to 24 months to iron out a site plan and figure out exactly what it looks to develop around these malls. Price points and the architecture firms Macerich will work with have not been determined.

"We continue to determine what the appropriate program is and the right mix of uses," Nelson said. "Anything we look to do to add to the campus and real estate is always in the vein of how do we drive more bodies, wallets, activity, vibrancy to that golden goose [of a] shopping center.

"We can either accommodate all the uses, or we can try and figure out what is the right balance of the mix of uses," he added.

What Macerich ultimately develops near Scottsdale Fashion Square will be on a vacant parcel to the east of the Caesars Republic Scottsdale hotel under construction. HCW signed a ground lease for the site to develop the hotel.

At the Biltmore Fashion Park near 24th Street and Camelback Road, Nelson envisions the development of a multifamily tower and an office tower between 250,000 and 300,000 square feet to take place around the existing Life Time luxury fitness club on the east end of the shopping center.

He added that having office users would drive people to the shopping centers who can either shop or eat at restaurants during the weekdays.

Nelson said the closest example on Macerich's portfolio to what it looks to accomplish in Phoenix is Tysons Corner Center near Washington D.C. In addition to the 2 million-square-foot shopping mall, Macerich recently added an office building, multifamily units and a new hotel.

In October, Macerich announced it was going to give a facelift to Scottsdale Fashion Square, which includes upgrading the columns, flooring and lighting as well as relocating elevators and escalators. Construction on the renovation started Jan. 9 and the build-out will be done by Bayley Construction. At the time, Macerich declined to disclose the cost of the next phase of renovations but added that it would be "significant" and less than the first round of renovations, which cost between $140 million and $160 million. Life Time is expected to open next month at Scottsdale Fashion Square.

In the fourth quarter of 2022, Northeast Valley/Scottsdale and Camelback/Piestewa Peak office submarkets, in which Scottsdale Fashion Square and Biltmore Fashion Park are located, had an asking rate per square foot of $33.41 and $35.62, respectively, according to a market report from CBRE Group Inc.

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