Sixth Street has acquired the Four Seasons Resort Scottsdale at Troon North for $372 million from Braemar Hotels & Resorts, expanding its hospitality portfolio with one of the most prominent luxury resorts in the Southwest.
Sixth Street completed the acquisition in partnership with Riller Capital.
The Four Seasons Scottsdale is located on approximately 38 acres at the base of Pinnacle Peak in North Scottsdale, Arizona. The property also includes approximately 13 acres of developable land beyond the resort’s existing footprint, providing potential opportunities for future expansion.
The resort includes 210 rooms, consisting of 188 casitas and 22 suites.
Amenities include five food and beverage venues, a 9,000-square-foot spa, a fitness center, a multilevel swimming pool complex, tennis and pickleball courts, and approximately 36,000 square feet of indoor and outdoor meeting and event space.
Guests also have access to hiking through a private on-site trailhead and receive preferred access to the adjacent Troon North Golf Club.
Sixth Street said the property’s location, limited surrounding land availability, luxury positioning, and extensive amenity offering make it a differentiated asset within the Scottsdale hospitality market.
The investment firm plans to work with Four Seasons to further improve the resort’s offerings and strengthen its position among luxury leisure and group travelers.
Sixth Street Real Estate invests across multiple areas of the capital structure, including equity, preferred equity, and debt.
Its broader real estate portfolio spans residential, office, hospitality, industrial, data centers, retail, and other specialized property sectors.
The acquisition reflects Sixth Street’s continued investment in luxury hospitality assets and its view that distinctive resorts in high-growth destinations can benefit from strong long-term travel demand.
Latham & Watkins and Fennemore Craig advised Sixth Street on the transaction.
Eastdil Secured arranged financing for the acquisition, with Ares Management providing the financing.
Braemar Hotels & Resorts is a publicly traded real estate investment trust focused on investing in luxury hotels and resorts.
KEY QUOTES:
“The Four Seasons Scottsdale is an iconic, irreplaceable luxury resort in one of the country’s fastest-growing and most attractive destinations. With its dramatic desert setting at the base of Pinnacle Peak, distinctive casita-style accommodations, strong amenity base and best-in-class service and operations, the property offers a differentiated experience for high-end-leisure and group customers alike.”
Aman Gupta, Principal At Sixth Street
“We look forward to working with Four Seasons to further enhance the resort’s offerings to cement its position as one of the top resorts in the Southwest. This investment reflects Sixth Street’s continued conviction in the long-term fundamentals of luxury travel, particularly for distinctive properties.”
Aman Gupta, Principal At Sixth Street
