If you are planning a trip to Arizona and looking for a luxurious resort to stay, the Arizona Grand Resort might be on your radar. The resort is a popular choice for tourists and locals alike, thanks to its stunning location, impeccable amenities, and world-class service.
But have you ever wondered who owns this magnificent property? Let’s take a closer look at the ownership of the Arizona Grand Resort.
The History of Arizona Grand Resort
Before we dive into the ownership of the resort, let’s briefly go over its history. The Arizona Grand Resort is a AAA Four Diamond-rated property that spans over 164 acres in Phoenix, Arizona. It was opened in 1985 as Pointe South Mountain Resort and has undergone several renovations over the years before being rebranded as Arizona Grand Resort & Spa in 2012.
The Current Owner of Arizona Grand Resort
The current owner of the Arizona Grand Resort is Grossman Company Properties. The company is based in Santa Monica, California, and specializes in real estate investment and development. It has been involved in various commercial real estate projects across the United States since its inception in 1960.
Grossman Company Properties acquired the resort from John Q. Hammons Hotels & Resorts in October 2018. John Q. Hammons Hotels & Resorts was one of the largest private independent owners and hotel management companies in the United States before filing for bankruptcy in 2016.
Grossman Company Properties: More Than Just an Owner
Grossman Company Properties’ involvement with Arizona Grand Resort goes beyond just ownership; it also manages the property under its hospitality division, Grossman Company Properties Hospitality Services (GCPHS). GCPHS is responsible for overseeing all aspects of hotel operations, including sales and marketing, revenue management, food and beverage operations, and guest services.
Arizona Grand Resort: A Valuable Asset for Grossman Company Properties
The Arizona Grand Resort is a valuable asset for Grossman Company Properties. The resort is not only a popular tourist destination but also a venue for various events, including weddings, corporate meetings, and conferences. Its location near several attractions, including South Mountain Park and downtown Phoenix, makes it an attractive choice for visitors.
Conclusion
In summary, Grossman Company Properties is the current owner of Arizona Grand Resort. The company also manages the property under its hospitality division, GCPHS.
The resort’s popularity and location make it a valuable asset for Grossman Company Properties. Whether you’re planning a trip to Arizona or simply curious about the ownership of this magnificent property, we hope this article has provided you with some useful insights.