Construction  |  Econ Dev  |  Food & Bev  |  Industrial  |  Manufacturing  |  Real Estate  |  Startups  |  Technology

Construction  |  Econ Dev  |  Food & Bev  |  Industrial  |  Manufacturing  |  Real Estate  |  Startups  |  Technology

Ryman Hospitality Properties Acquires JW Marriott Desert Ridge Resort
JW Marriott Desert Ridge Resort AZ

Photo provided by Metro Phoenix Alliance.

Arizona’s Largest Resort

Ryman Hospitality Properties has entered into a definitive agreement to purchase the JW Marriott Phoenix Desert Ridge Resort & Spa for a total consideration of $865 million. The luxury resort will continue to be managed under the JW Marriott brand through its affiliation with Marriott International.

Nestled within 402 acres in north Phoenix, Arizona’s largest resort includes 950 guest rooms and over 243,000 square feet of flexible meeting and event space. In recent years, the property has undergone significant enhancements, with nearly $100 million invested in upgrades such as guest room renovations, a redesigned lobby, and enhancements to water-based amenities.

The acquisition is anticipated to close in the second or third quarter of 2025, pending customary closing conditions. Ryman projects that the transaction will be accretive to its adjusted funds from operations (FFO) per share by 2026. The deal marks a strategic expansion of Ryman’s geographic footprint into the Western United States, specifically into the Metro Phoenix market—recognized as one of North America’s top 10 destinations for meetings and conventions.

Via Hotel Online:

Trinity Investments (“Trinity”), a U.S.-based hospitality-focused real estate investor, announced today the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room hotel and the largest resort in Phoenix, for $865 million to Ryman Hospitality Properties, Inc. (NYSE: RHP).

Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. In 2023, Trinity completed a nearly $100 million renovation project for the property, refreshing the lobby, completely redesigning guest rooms, adding a full water park complex, and opening two new signature dining destinations, including Tía Carmen, led by acclaimed executive chef Angelo Sosa. Earlier this year, U.S. News & World Report ranked the JW Marriott Desert Ridge Resort & Spa as one of the best hotels in Phoenix.

“This sale is a prime example of how Trinity’s proven value-add platform and successful repositionings continue to drive enhanced operational and financial performance through active asset management,” said Sean Hehir, Managing Partner, President and CEO of Trinity. “We have transformed the property into a landmark destination for both business and leisure travelers, and are proud to be able to deliver strong returns for our investors. We look forward to the JW Marriott Phoenix Desert Ridge Resort & Spa’s future success under new ownership.”

The sale of the renovated JW Marriott Phoenix Desert Ridge Resort & Spa underscores Trinity’s deep expertise in asset management and development. Recently, the firm launched Trinity Asset Management Services and Trinity Development Services, two distinct offerings that provide third-party hotel owners and lenders with direct access to Trinity’s operational expertise and development capabilities.

The sale is set to close in the second or third quarter of 2025. Terms of the transaction are not being disclosed.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 11,414 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country.

Share...

Captain Ron's
Hontech Chandler AZ
Top Choice Electric - Valleywide
Thunder Landscape
Hontech AZ

Sponsor Members

Receive Metro Phoenix Business News in your email...
✔ Weekly Updates     ✔ Local Insights      ✔ No SPAM

Tag Cloud

semiconductors ACA TSMC aerospace innovation artificial intelligence Tempe AZ Commerce construction silicon desert Chandler Advanced Manufacturing mesa AI semiconductor West Valley Scottsdale City of Phoenix
Add as a preferred source on Google
Metro Phoenix Alliance Member Directory Map
Published On: May 20, 2025Categories: Business, Hospitality, Real EstateTags: , , ,

Related Posts

ASU SkySong innovation campus in Scottsdale

Modern Wealth Sets Up Arizona HQ at SkySong

Goodyear AZ City Hall

Downtown Goodyear’s GSQ Adds Six New Businesses

Camelback Mtn PHX

Top 5 August Real Estate Transactions

Gilbert Water Tower

Heritage Park Unveils First Tenants in Gilbert

Related Posts

ASU SkySong innovation campus in Scottsdale

Modern Wealth Sets Up Arizona HQ at SkySong

Goodyear AZ City Hall

Downtown Goodyear’s GSQ Adds Six New Businesses

Camelback Mtn PHX

Top 5 August Real Estate Transactions

Cyclic Materials opened its first commercial-scale rare earth magnet recycling facility in @cityofmesa, strengthening the domestic supply of rare earth elements and critical minerals. The company invested more than $30 million in the 144,000-square-foot facility, which will initially create more than 25 jobs. The plant can process up to 25,000 metric tons of end-of-life products containing magnets each year. Cyclic Materials will recover rare earth magnet concentrate through its Mag-Xtract™ process, along with critical materials such as copper, aluminum and steel. Federal, state and local leaders joined company executives to celebrate the facility’s grand opening. #cyclicmaterials #silicondesert #mesaaz #advancedmanufacturing #metrophx
Heritage Park (@heritageparkgilbert), a new mixed-use destination taking shape in (@downtowngilbertaz) Gilbert’s Heritage District, has announced its first five tenants. The lineup includes Arizona’s first Popup Bagels (@popupbagels), along with La La Land, Hudson House, Salt & Straw, and @solidcore. Construction continues across the development, with the first businesses expected to open in the second quarter of 2027. #gilbertaz #heritagedistrict #heritagepark #townofgilbert #metrophx
Scottsdale-based @barrett_jackson has launched Digital Select Auctions, a premium online marketplace for curated collector vehicles. The platform allows enthusiasts worldwide to bid during exclusive, timed digital auctions. Barrett-Jackson will oversee each transaction, including holding the money and vehicle title, to provide buyers and sellers with greater confidence. The company will also verify completed sales and apply its auction expertise to the process. The first Digital Select Auction will run Nov. 5-12 at Barrett-Jackson.com. #barrettjackson #autoauction #automobilia #scottsdaleaz #metrophx
The Metro Phoenix housing market continues to earn national recognition, with five Valley cities ranking among the country’s 50 best real estate markets, according to a new @wallethub analysis. The Best Real Estate Markets 2026 report determines the best local real estate markets in the U.S. WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. The study places Gilbert at 13, followed by Surprise at 27, Peoria at 42, Tempe at 46 and Chandler at 50. #metrophx #realestatemarket2026 #gilbertaz #surpriseaz #peoriaaz
Tempe-based Dutch Bros Coffee plans to acquire 51 former Salad and Go locations after the fast-casual chain filed for bankruptcy, with the ongoing cyclosporiasis outbreak contributing to its collapse. Court documents filed Tuesday in federal bankruptcy court identify a Dutch Bros-affiliated LLC as the buyer of dozens of Salad and Go restaurants in Arizona and Nevada, along with leases for additional former locations in Texas and Oklahoma. #saladandgo #dutchbros #dutchbroscoffee #tempeaz #drivethru
Salad and Go filed for Chapter 11 bankruptcy protection Monday and announced it will permanently close all of its locations, serving its final meals Wednesday. The Gilbert-founded drive-thru restaurant chain submitted voluntary bankruptcy petitions in the U.S. Bankruptcy Court for the Southern District of Texas in Houston. The company said declining consumer demand, rapid expansion challenges, and rising operating costs made its business unsustainable. Salad and Go also said the Cyclospora foodborne illness outbreak in July hurt sales, even though health officials did not link the chain to the contamination. #saladandgo #gilbertaz #cyclospora #bankruptcy #chapter11
@wallethub has released its 2026 Best & Worst Places to Rent report, ranking more than 180 U.S. cities to help renters identify the nation’s top housing markets. The study places @scottsdaleazgov (No. 1), @gilbertyourtown (2), and @cityofchandler (3) at the top of the rankings, with @peoriaazcam (6), @cityofmesa (16), @glendaleaz (17), @cityofphoenixaz (19), and @tempegov (25) also earning spots among the nation’s 25 best cities for renters. #wallethub #houserental #eastvalleyaz #scottsdaleaz #metrophx
Celebrating 250 Years of Freedom! Happy Independence Day and Cheers to a great, safe weekend. #250 #4thofjuly #usa🇺🇸 #250yearsoffreedom #metrophx
Cyclic Materials opened its first commercial-scale rare earth magnet recycling facility in @cityofmesa, strengthening the domestic supply of rare earth elements and critical minerals. The company invested more than $30 million in the 144,000-square-foot facility, which will initially create more than 25 jobs. The plant can process up to 25,000 metric tons of end-of-life products containing magnets each year. Cyclic Materials will recover rare earth magnet concentrate through its Mag-Xtract™ process, along with critical materials such as copper, aluminum and steel. Federal, state and local leaders joined company executives to celebrate the facility’s grand opening. #cyclicmaterials #silicondesert #mesaaz #advancedmanufacturing #metrophx
Heritage Park (@heritageparkgilbert), a new mixed-use destination taking shape in (@downtowngilbertaz) Gilbert’s Heritage District, has announced its first five tenants. The lineup includes Arizona’s first Popup Bagels (@popupbagels), along with La La Land, Hudson House, Salt & Straw, and @solidcore. Construction continues across the development, with the first businesses expected to open in the second quarter of 2027. #gilbertaz #heritagedistrict #heritagepark #townofgilbert #metrophx
Scottsdale-based @barrett_jackson has launched Digital Select Auctions, a premium online marketplace for curated collector vehicles. The platform allows enthusiasts worldwide to bid during exclusive, timed digital auctions. Barrett-Jackson will oversee each transaction, including holding the money and vehicle title, to provide buyers and sellers with greater confidence. The company will also verify completed sales and apply its auction expertise to the process. The first Digital Select Auction will run Nov. 5-12 at Barrett-Jackson.com. #barrettjackson #autoauction #automobilia #scottsdaleaz #metrophx
The Metro Phoenix housing market continues to earn national recognition, with five Valley cities ranking among the country’s 50 best real estate markets, according to a new @wallethub analysis. The Best Real Estate Markets 2026 report determines the best local real estate markets in the U.S. WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. The study places Gilbert at 13, followed by Surprise at 27, Peoria at 42, Tempe at 46 and Chandler at 50. #metrophx #realestatemarket2026 #gilbertaz #surpriseaz #peoriaaz
Tempe-based Dutch Bros Coffee plans to acquire 51 former Salad and Go locations after the fast-casual chain filed for bankruptcy, with the ongoing cyclosporiasis outbreak contributing to its collapse. Court documents filed Tuesday in federal bankruptcy court identify a Dutch Bros-affiliated LLC as the buyer of dozens of Salad and Go restaurants in Arizona and Nevada, along with leases for additional former locations in Texas and Oklahoma. #saladandgo #dutchbros #dutchbroscoffee #tempeaz #drivethru
Salad and Go filed for Chapter 11 bankruptcy protection Monday and announced it will permanently close all of its locations, serving its final meals Wednesday. The Gilbert-founded drive-thru restaurant chain submitted voluntary bankruptcy petitions in the U.S. Bankruptcy Court for the Southern District of Texas in Houston. The company said declining consumer demand, rapid expansion challenges, and rising operating costs made its business unsustainable. Salad and Go also said the Cyclospora foodborne illness outbreak in July hurt sales, even though health officials did not link the chain to the contamination. #saladandgo #gilbertaz #cyclospora #bankruptcy #chapter11
Metro Phoenix Alliance Member Directory Map