Henderson Park completed the acquisition of Arizona Biltmore resort in Phoenix from Blackstone Real Estate for $705m.

Henderson Park, a private equity real estate manager, completed the acquisition of Arizona Biltmore Resort in Phoenix from Blackstone Real Estate, an investment company, for $705m. “This transaction presents a rare and compelling opportunity to acquire a historic but newly refurbished hotel in one of the country’s premier hospitality markets and to both immediately capitalize on accelerated performance and to further enhance the resort’s offering into the future,” Nick Weber, Henderson Park CEO and Founder.