Rockpoint, Highgate sell Scottsdale Plaza Resort and Villas

Rockpoint and Highgate has sold Scottsdale Plaza Resort and Villas, a historic hotel in the heart of Paradise Valley, Ariz.

Terms of the transaction were not disclosed.

A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments is the new owner.

Centrally located in Paradise Valley, the Scottsdale Plaza Resort and Villas is a 404-room hotel featuring more than 50,000 square feet of event space, five pools, tennis courts, a state-of-the-art fitness center and luxury spa amenities. The hotel is conveniently located in close proximity to Old Town Scottsdale and downtown Phoenix and is surrounded by the expansive Sonoran Desert with nearby hiking trails and nearly 40 acres of gardens. Originally built in 1976, the hotel has a deep-rooted legacy as one of the largest operated resorts in Arizona.

During its ownership, Rockpoint and Highgate have maintained the property