Arizona Biltmore sells for more than $400M

The Arizona Biltmore Resort has sold for more than $400 million, according to The Arizona Republic.

The historic property in Phoenix sold to a New York firm for $403 million. The deal closed April 20, reports the Republic.

New York-based Blackstone Real Estate Advisors purchased the resort at 24th Street and Missouri Avenue. Blackstone, which also owns the Motel 6 chain, is the largest private real estate equity firm in the world. The firm also owns the JW Marriott Desert Ridge Resort & Spa in…

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