A joint venture of Honolulu-based Trinity Real Estate Investments LLC and funds managed by New York-based Elliott Management Corp. have acquired the largest resort in Phoenix, the JW Marriott Desert Ridge Resort & Spa, from Blackstone for a reported $602 million.
Trinity and Elliott, which formed another joint venture to purchase the Grande Lakes Orlando Resort, in December, announced the acquisition of the 950-room resort on Tuesday but did not disclose the price. However, Commercial Mortgage Alert…
