Final phase of $60 million Fairmont Scottsdale Princess renovation
Fairmont Scottsdale Princess, a distinctive AAA Five-Diamond Southwest resort in the heart of the Sonoran Desert, is announcing the final phase of its full-scale, five-year $60 million property renovation plan. Designed to enhance the guest experience for both leisure and corporate travelers, the improvements coincide with the resort’s 25th anniversary in December 2012, underscoring its continued evolution and status as a vibrantly contemporary, premier entity in the hospitality market. The Fairmont Scottsdale Princess is owned by a joint venture between Strategic Hotels & Resorts, Inc. (NYSE: BEE) and Walton Street Capital, L.L.C. The resort’s renovation strategy is the innovation of Strategic Hotels, who also serves as the resort’s asset manager.
Set to be complete in spring 2013, the final $25 million phase of the resort’s renovation plan includes the debut of the Palomino Conference Center and remodeling of the Princess Conference Center (opening November 1, 2012); the introduction of the innovative Well & Being at Willow Stream Spa; the outdoor enhancement of Michael Mina’s BOURBON STEAK; the addition of a “living wall” to the resort’s façade; the re-concepting of the resort’s three-meal restaurant LV Bistro and enhancing the Fragrance Garden for weddings and group events.
“We are proud to unveil these exciting additions, which will highlight the resort’s meetings and events, spa and culinary offerings,” said Jack Miller, General Manager of the Fairmont Scottsdale Princess. “We are particularly eager to debut the new Palomino Conference Center and newly renovated Princess Conference Center,” Miller said. “The expanded and upgraded facilities will further establish Fairmont Scottsdale Princess as a preeminent meetings and events destination, and our cutting edge spa and wellness offerings will serve as great assets to planners and guests alike.”