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Southwest Value Partners acquires JW Marriott Tucson Starr Pass Resort & Spa for $110m
Southwest Value Partners has acquired the JW Marriott Tucson Starr Pass Resort & Spa in Tucson, Ariz., for $110 million, according to multiple media outlets. CBRE Hotels represented the seller, Fortress Investment Group, in the transaction.
The 575-room property, located at 3800 W. Starr Pass Blvd. in Tucson, is regarded as one of the top resorts in Arizona and is recognized with AAA’s 4-Diamond designation.
With offices in San Diego, Nashville and Phoenix, Southwest Value Partners is owned and operated by managing partners Mark Schlossberg and Cary Mack. The firm’s diverse investment portfolio includes substantial hospitality holdings both nationally and in Arizona. In addition to Starr Pass, the firm’s other assets in Arizona include the 487-room Westin La Paloma Resort & Spa in Tucson, the 235-key Hilton Resort & Villas in Scottsdale, and the 378-room Doubletree Resort by Hilton Hotel Paradise Valley – Scottsdale.
“Starr Pass is an icon