It is not just an icon of luxury in Scottsdale, but a gold standard for luxury accommodations globally, and now it has a new owner: Braemar Hotels & Resorts has agreed to sell the Four Seasons Resort Scottsdale at Troon North for $372 million, according to ABC15. The buyer is Evergreen Acquisitions LLC, and precious little is known about it.
The price works out to roughly $1.8 million per room, AZ Big Media reported. Moreover, the deal follows the recent sale of the Fairmont Scottsdale Princess. Clearly, the top of Scottsdale’s resort market is not cooling off.
Photo Credit: Trip Advisor
What Is Changing Hands
The resort opened in December 1999 and has 210 rooms on 37 acres off East Crescent Moon Drive. It sits in the foothills below Pinnacle Peak. Amenities include a 9,000-square-foot spa, a bi-level pool, and courts for tennis and pickleball. Guests also enjoy close access to Troon North’s golf courses.
The Numbers
Braemar paid $267.8 million for the resort in 2022. The new price is roughly $104 million higher. However, that earlier deal included 5.7 acres of developable land, so the comparison is not apples to apples.
The buyer has put down a $10 million non-refundable deposit. Still, closing conditions remain, and the deal could fall through. Including anticipated capital spending of $23 million, AZ Big Media reported a 6.2% capitalization rate.
The Unknown Buyer
Filings describe Evergreen only as a Delaware LLC unaffiliated with Braemar. Beyond that, the public record is thin. A property this prominent deserves clearer answers about who is behind the purchase.
Several questions remain open. Reports do not say whether the sale includes the 5.7 acres of commercially zoned land from the 2022 deal. Likewise, they do not address whether Four Seasons will continue managing the resort. Both matter to north Scottsdale neighbors and to the guests who return every season.
Why It Matters
Luxury tourism is a pillar of Scottsdale’s economy and its brand. A $372 million price tag shows that investors still see enormous value here. That is a vote of confidence in the city, and Scottsdale should enjoy it.
Even so, confidence works best with transparency. For residents and visitors, the ideal outcome is simple: the standards stay high, and the new owner introduces itself.
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