Ritz Carlton Archives

Tucson Developers buy Ritz-Carlton, Dove Mountain

by in AZRE Magazine | Newsmakers

David Mehl of Cottonwood Properties and Humberto S. Lopez of HSL Properties announced the formation of a new partnership that has completed the purchase of The Ritz-Carlton, Dove Mountain resort. The hotel will continue to be managed under a long-term management contract by The Ritz-Carlton Hotel Company, L.L.C.  The hotel is one of only ten… Read More →

Ritz-Carlton Residences sell $249M in 1 day

FINAL Ritz PV - Pool Rendering_email size

The Ritz-Carlton Residences in Paradise Valley obtained property reservations for 89 of the 91 villas released at the one-day, private sales event last Saturday totaling $248,760,000. “We believe it was the largest real estate event ever in Arizona,” said Jan Bracamonte, spokeswoman for Five Star Development, the project’s developers. She describes the villas as “the… Read More →

Ritz-Carlton Residences will debut first release

FINAL Ritz PV - Pool Rendering_email size
by in AZRE Magazine | Multi-Family

The upcoming $2 billion Paradise Valley resort community Ritz-Carlton project is set to unveil the first release of 91 villas in a private event, and developers expect all of the Residences will be reserved. The June 11 event will show the Ritz-Carlton Residences, priced from the low $1 million to just over $5 million. Due to… Read More →

Retail center is part of $2B Ritz-Carlton project

$2B Ritz-Carlton Project
by in AZRE Magazine | Construction | Retail

Five Star Development announced Wednesday its detailed plans to develop a retail and dining destination, The Palmeraie, in the heart of Scottsdale that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned community. The initial phase of The Palmeraie will encompass approximately 160,000 square feet of high-end, mixed-use space located on 18 acres at… Read More →

Valley Partnership takes a look at hospitality industry


Valley Partnership‘s annual monthly breakfast on April 29th will cover two major hospitality projects under construction in Paradise Valley – a new Ritz-Carlton and redevelopment of the iconic Mountain Shadows resort. The panel will feature Christopher Klecka, CFO of Five Star Development (Ritz-Carlton); Scott Lyon, founder and managing partner of Westroc Hospitality (Mountain Shadows); and Jeff… Read More →

$2 billion Ritz-Carlton community approved to build

FINAL Ritz PV - Pool Rendering_email size
by in AZRE Magazine | Construction | Hospitality

Paradise Valley Town Council approved a $2 billion Ritz-Carlton community to be built that will include a Ritz-Carlton hotel, town homes and retail. The project will include a 352,000 square-foot 200-room Ritz-Carlton hotel, along with 94 single-level villas ranging from 1,700 to 3,000 square-feet and 45 single-family homes ranging from 3,000 to 6,000 square-feet. Located… Read More →

AZRE Forum educates a full house

AZRE Forum_DSC_0846

On Thursday, July 23, AZ Big Media hosted the inaugural AZRE Forum at the Ritz-Carlton. It was a meeting of the minds featuring the top producing brokers, most influential economic developers, bankers and developers in the state. The event sold out, with a standing-room only attendance of nearly 350 people. Another 40 people tuned into… Read More →

Wine Spectator honors Ritz-Carlton, Dove Mountain

123rf.com: Steve Cukrov

The Ritz-Carlton, Dove Mountain is celebrating new recognition by Wine Spectator magazine, as the publication has awarded its prestigious 2015 Best Award of Excellence to CORE Kitchen & Wine Bar. Receiving the award for the second year in a row, CORE is among only 13 Arizona establishments to be so honored. “We are truly grateful… Read More →

Ritz-Carlton Phoenix will close in July; re-branding planned


Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust (REIT), announced that the iconic Ritz-Carlton, located near 24th Street and Camelback Road in Phoenix, will be closed and re-branded. During the second quarter the company completed an agreement to convert The Ritz-Carlton, Phoenix to an independent hotel to be operated by… Read More →

Hundreds of pediatric physicians converge in Phoenix


Phoenix Children’s Hospital will play host to more than 750 physicians and health care professionals from across the U.S. for the 38th annual Melvin L. Cohen Pediatric Update at the Ritz-Carlton, Phoenix. In the past four decades, the event has grown to become one of the largest pediatric health care conferences in the country. This… Read More →

Expert expects mega events to boost meetings industry


When Cristin Barr, CMP, went to college, she was more interested in investor relations than guest relations. “At The University of Texas I studied Investor Relations, which took me to New York City for my first professional job,” said the current president of the Arizona Sunbelt Chapter of Meeting Professionals International (AzMPI). “For the past… Read More →

Local pizzerias toss pies for childhood literacy

Central Bistro

Eating pizza will be more than just a night out for dinner in the Valley this October. KidsRead USA, a childhood literacy program that provides books for children whose families cannot afford them, is teaming up with Valley restaurants to raise money for children in need with the Pizza My Heart for KidsRead USA Challenge… Read More →

New to Market: Broadstone Lincoln

Broadstone Lincoln pool, WEB

Broadstone Lincoln Developer: Alliance Residential Company General Contractor: Alliance Residential Builders Architect: ORB Architecture Location: 7100 E. Lincoln Dr., Scottsdale, Ariz. Size: 219,000 SF (net rentable area) Value: $50M Start and completion dates: Started third quarter 2012. Completed second quarter 2014. Project Description: Broadstone Lincoln is a 264-unit community that sits on 5.31 acres of… Read More →

ASU real estate development students compete in challenge

Team Max

Students in Arizona State University’s Masters of Real Estate Development (MRED) program at the W.P. Carey School of Business will be competing for up to $6,000 in the inaugural REIAC/Rockefeller Group Challenge starting at 5 p.m. on Tuesday, May 13 at the Ritz-Carlton Phoenix. Three competing teams of graduating MRED students will each present a… Read More →