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.
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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
Warmer temps increase rattlesnake risks: Arizona Game and Fish
PHOENIX – Officials with the Arizona Game and Fish Department said unseasonably warm temperatures in the state will increase risks for rattlesnake encounters.
What they’re saying:
In a statement released on Feb. 27, the agency said while rattlesnakes are most active in desert areas from March through October, they “may appear earlier in the year as warming temperatures bring them out of winter hibernation.”
“During the spring, it’s common for rattlesnakes to be out during daylight hours,” read a portion of the statement. “As the days become increasingly hot, rattlesnakes tend to move around more at night.”
What you can do:
Officials said there are things people can do to keep themselves safe, including:
- Step back and let a rattlesnake move away if you see one on a trail
- Be mindful of where you place your feet and hands, because rattlesnakes can easily blend in with their surroundings
- Carry a flashlight at night, especially on warmer nights when rattlesnakes can be most active
- Clean up yard debris and reduce standing water near homes, in order to avoid attracting rattlesnakes
- Stay on marked trails, as rattlesnakes encounters are more likely to occur when a person leaves a marked trail
Game and Fish officials said people should do the following if someone was bitten by a rattlesnake:
- Remain calm
- Reassure the victim
- Call 911 and seek medical attention without delay
- Remove all jewelry and watches from the affected area
- Immobilize the extremity, and keep it below the heart
- Decrease total body activity, as feasible
The Source: Information for this article was gathered from a statement released by the Arizona Department of Game and Fish.
Arizona
Idaho 78-58 Northern Arizona (Feb 26, 2026) Game Recap – ESPN
MOSCOW, Idaho — — Jackson Rasmussen had 19 points in Idaho’s 78-58 win over Northern Arizona on Thursday.
Rasmussen also had seven rebounds for the Vandals (16-13, 8-8 Big Sky Conference). Isaiah Brickner scored 15 points while shooting 6 of 11 from the field and 2 for 4 from the line. Jack Payne shot 4 for 5 from beyond the arc to finish with 12 points.
Diego Campisano finished with 11 points for the Lumberjacks (10-19, 4-12). Chris Komin added 11 points for Northern Arizona. Karl Markus Poom also had 10 points.
—-
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Arizona
Former Arizona town employee sentenced in COVID-19 relief, embezzlement case
PARKER, AZ (AZFamily) — A former employee of a western Arizona town has learned her fate after being convicted in connection with COVID-19 relief fraud and embezzlement.
Arizona Attorney General Kris Mayes said Thursday that Jennifer Elizabeth Alcaida, 50, a former office specialist for the Town of Parker, was sentenced by a Mohave County Superior Court judge to three and a half years in prison.
According to court records, between July and Sept. 2021, Alcaida took a total of $173,295.54 by writing unauthorized checks from town accounts, keeping cash she was required to deposit, and making personal purchases on a town-issued credit card.
Records also show she received more than $20,000 from the federal Paycheck Protection Program through the U.S. Small Business Administration after claiming the funds were needed to cover payroll for a personal business that did not exist.
Alcaida pleaded guilty Jan. 6 to felony charges of fraudulent schemes and theft. After her prison term, she will serve seven years of probation and has been ordered to pay $194,128.54 in restitution.
“This case is a clear example of someone who abused the public’s trust for personal gain,” Mayes said in a written statement. “Arizonans deserve to know that those who steal from their communities will be held accountable, and this sentence reflects exactly that.”
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