Arizona
Henderson Park Buys Arizona Biltmore Hotel for $705M
Henderson Park has cut a deal to buy the historic Arizona Biltmore hotel in Phoenix from Blackstone for $705 million.
The London-based private equity real estate manager will take ownership of the 705-room landmark at 2400 East Missouri Avenue, Bloomberg reported, citing unidentified sources. The deal works out to $1 million per room.
The New York-based investor bought the “Jewel of the Desert” from Singaporean sovereign wealth fund GIC in 2018 for $403 million, or $571,600 per room.
Blackstone then poured more than $150 million into renovating the birthplace of the tequila sunrise, which opened on Feb. 23, 1929.
The hotel just south of the Phoenix Mountains Preserve is now part of the Waldorf Astoria Hotels and Resorts collection.
The “textile block” hotel, designed by Albert Chase McArthur with influences from Frank Lloyd Wright, has hosted Hollywood stars from Clark Gable and Carole Lombard to Marilyn Monroe. Irving Berlin wrote “White Christmas” under sunny skies at its Catalina pool.
The hotel hosted future President and First Lady Ronald and Nancy Reagan on their honeymoon in 1952. More than a half century later, it put up President George W. Bush.
The 39-acre hotel was bought by William Wrigley Jr., of chewing gum fame, and stayed in the family for decades.
Over the past year, the Arizona Biltmore and other hotels have fared better than other commercial property investments such as offices, according to Bloomberg. While domestic leisure travel has cooled slightly from the post-pandemic boom, resort owners are benefiting from international demand.
That buttressed the stocks of U.S. lodging companies, which have outperformed the S&P 500 Index since the end of 2022.
Other investors have sought to cash in on luxury hotels.
This month, Toronto-based Brookfield Asset Management sold a majority stake in the Ritz-Carlton Key Biscayne to Miami-based Gencom, which already owned a minority interest, for an undisclosed price.
Hyatt Hotels is negotiating a deal to sell the Park Hyatt Zurich to Trinity Investments, Bloomberg reported last month.
A year ago, Blackstone sold its 45-acre, century-old La Quinta Resort & Club near Palm Springs to Henderson Park for $255 million. It was Henderson’s first U.S. investment.
Read more
Henderson Park was launched in 2016 by Mount Kellett executive Nick Weber, who managed to whip up $500 million in equity while working out of his local Starbucks.
Since then, the firm has been a significant investor in European hotels. It bought the Westin Paris-Vendôme in 2018 for $628 million, and sold it in February 2023 to Dubai Holding for $650 million Euros, or $704 million. In 2022, it bought a portfolio of 12 Hilton hotels in the United Kingdom and set up a new platform to manage the business.
— Dana Bartholomew
Arizona
Fruit-flavored cocaine being sold to young people, Arizona official warns
PHOENIX (AZFamily) — Arizona’s attorney general is sounding the alarm over a new illegal drug being marketed toward kids and young women.
The Attorney General’s Office says law enforcement agencies in Arizona are seeing an increase of fruit-flavored cocaine in the illegal drug market.
Attorney General Kris Mayes says dealers are marketing the flavored drug toward younger people and women, attempting to lure new users to using cocaine.
Mayes said the drug is being sold in flavors like piña colada, strawberry, coconut and banana, which may appeal to children. She added that illegal drugs like cocaine often contain the deadly drug fentanyl.
“We want everyone to stay safe and avoid the harms that come from using illegal drugs,” Mayes said.
The warning from the AG’s office comes after a man was sentenced in Pima County last month for selling fruit-flavored cocaine.
A release from Mayes’ office says that on July 17, Jaden Alfredo Covarrubias sold about 1.55 pounds of cocaine to another person after advertising his access to coconut, strawberry and banana flavored forms. Mayes said Covarrubias offered to sell the drugs on social media platforms like WhatsApp.
Covarrubias was sentenced on Nov. 24 to 1.75 years in prison. He was ordered to pay $4,500 to the State Anti-Racketeering Revolving Fund and $300 for investigative costs to the Arizona Department of Public Safety.
See a spelling or grammatical error in our story? Please click here to report it.
Do you have a photo or video of a breaking news story? Send it to us here with a brief description.
Copyright 2025 KTVK/KPHO. All rights reserved.
Arizona
Volunteer pilots bring Santa, gifts to Title I schools on Utah-Arizona border
COLORADO CITY, Ariz. — Santa Claus traded his sleigh for small planes Wednesday as 20 volunteer pilots from Angel Flight West’s Utah wing flew hundreds of miles to deliver Christmas gifts and school supplies to two Title I schools on the Utah-Arizona border.
The annual “Santa Flight” brought toys, winter coats, backpacks and more than 500 books donated by PBS Utah to about 500 students from Water Canyon Elementary in Hildale, Utah, and Cottonwood Elementary in Colorado City, Arizona. The schools gathered at the Colorado City airport to greet Santa, Mrs. Claus, some elves and the pilots.
“Well, this is just excitement,” said Brad Jolley, principal at Water Canyon Elementary in Hildale. “I mean, you look at the faces of the kids, you see smiles, and just a great opportunity, great atmosphere.”
“This is the first time that our two schools in our valley have come together and done an activity,” said Natalie Hammon, principal at Cottonwood Elementary in Colorado City. “So Santa Flight has really helped us unite our valley and let our two schools work together for a great cause.”
The donations were made possible by community groups and sponsors, including the John C. Kish Foundation, Bank of Utah and the Leavitt Group. Lou Rossi, Utah Wing leader for Angel Flight West, said the effort reflects the generosity of pilots and donors during a tough economic time.
Angel Flight West is best known for providing free air transportation for patients traveling long distances for medical care. Volunteer pilot Steve Booth said the holiday mission is just one way to give back.
“For somebody that might need a four- or five-hour car ride after a cancer treatment, a 45 (-minute) or one-hour flight just makes a huge, huge difference in their life,” Booth said.
The Santa Flight tradition began in 2000 and rotates among rural schools each year.
The Key Takeaways for this article were generated with the assistance of large language models and reviewed by our editorial team. The article, itself, is solely human-written.
Arizona
Arizona State men’s basketball cruises past NAU for 8th win
ASU coach Bobby Hurley talks about how his team played improved defense
Bobby Hurley said some tough practices produced better defense in win over Oklahoma
The Arizona State Sun Devils were looking to improve on the win they chalked up three days ago against Oklahoma. They did, sort of.
ASU added a 73-48 win over visiting Northern Arizona on Dec. 9 at Desert Financial Arena for its fifth win in the last six outings.
Defense has been the team’s focus in the last two weeks, and that showed as the Sun Devils (8-2) held their opponent to a season-low point total. Coach Bobby Hurley said the team’s goal was to hold the Lumberjacks (4-5) to under 49 points. Mission accomplished there.
ASU shot 50% 26-for-52) for the game, with an even split, 15-for-30 in the first and 11-for-22 in the second half. NAU shot 33.3% (17-for-51), which included a 5-for-26 from long distance.
What went right
Got scoring punch from the bench: ASU is 8-0 when getting more points from its bench than the opponent, and 0-2 when it does not. In this one, it wasn’t even close as the Sun Devils had a significant advantage here, 33-3. Allen Mukeba had 10, Anthony “Pig” Johnson nine, and Marcus Adams 8.
Rebounded better: This is an area where the Sun Devils have made noticeable strides in the last two games, and this was an opponent ASU should have bested on the board because it was one of the few where they have had a size advantage. The Sun Devils won the battle 41-15, with a 10-4 edge on the offensive glass and a 31-21 advantage on the defensive boards. Santiago Trout had eight, with Mukeba, Andrija Grbovic, and Massamba Diop each collecting six.
Used inside presence: The 7-0 freshman Diop had a career-high 19 points on an 8-for-10 showing from the field. Hurley said his team didn’t go to him enough
What went wrong
A few too many turnovers: ASU had 13, which is too many against a .500 foe. NAU had 10 steals, and it wasn’t exactly pressuring the ball. It was the area in which Hurley was most disappointed. Diop had four. The Sun Devils were fortunate NAU only manufactured 12 points off those turnovers. NAU also had 13 turnovers, and ASU scored 23 points off those.
A bit sluggish in the first half: ASU ended the first half up 35-26. It was up 11-2, then faltered a bit, and the Lumberjacks actually went ahead 14-13 with 10:40 left in the half.
Personnel notes
ASU has used the same starting lineup for all 10 games this season. A total of 10 athletes entered the game and all of them scored. The last person to score was Moe Odum, who came in averaging 18.9 points per game. His only two points came at the line with 30 seconds left.
Up next
The Sun Devils are back on the road for another neutral site game, the fifth of the season. ASU will square off with Santa Clara (8-2) in the Jack Jones Hoop Hall Classic at 5 p.m. on Dec. 13 at Lee’s Family Forum in Henderson, Nevada. ASU is 3-1 in neutral-site games while the Broncos are 1-1.
The teams played last season with ASU prevailing 81-74.
-
Alaska5 days agoHowling Mat-Su winds leave thousands without power
-
Politics1 week agoTrump rips Somali community as federal agents reportedly eye Minnesota enforcement sweep
-
Ohio1 week ago
Who do the Ohio State Buckeyes hire as the next offensive coordinator?
-
Texas6 days agoTexas Tech football vs BYU live updates, start time, TV channel for Big 12 title
-
News1 week agoTrump threatens strikes on any country he claims makes drugs for US
-
World1 week agoHonduras election council member accuses colleague of ‘intimidation’
-
Washington3 days agoLIVE UPDATES: Mudslide, road closures across Western Washington
-
Iowa4 days agoMatt Campbell reportedly bringing longtime Iowa State staffer to Penn State as 1st hire
