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
Trying to beat the heat: Addressing rising temperatures in Southern Arizona
The University of Arizona and Tucson are known for yearlong warm weather, but when is it too much? With temperature reaching record highs in March, the city of Tucson has already reported increased temperatures for this year.
In the wake of the third annual Southern Arizona Heat Summit, integrating voices throughout the City of Tucson, community stakeholders and experts from UA gather to speak about possible solutions and policies to address rising temperatures and extreme heat.
The summit strives to ensure that the lived experiences of Southern Arizona residents are voiced. The first summit commenced in 2024, in response to the declaration of an extreme heat emergency in Arizona by Gov. Katie Hobbs, as part of a larger plan called Arizona’s Extreme Heat Response Plan.
With representation from organizations such as the American Red Cross, the National Council for Occupational Safety and Health, Arizona Jobs with Justice, Tucson Indian Center and many more, the summit emphasized the importance of the perspective and concerns of stakeholder groups throughout the community.
The summit included a variety of UA experts, including faculty representing the School of Geography, Development and Environment; the Udall Center for Studies in Public Policy; the Mel & Enid Zuckerman College of Public Health and the College of Architecture, Planning and Landscape Architecture.
One particular project, led by Ladd Keith at the School of Landscape Architecture and Planning, is a part of the Southwest Urban Corridor Integrated Field Laboratory, which is funded by the United States’ Department of Energy to explore extreme heat throughout Arizona. SW-IFL works in collaboration with other national laboratories including those at ASU and NAU.
The team works to analyze extreme heat in the southwest and rural areas, and how communities deal with heat by conducting interviews. The team has also prescribed policy to Pima County and the City of Tucson regarding more effective strategies to combat rising temperatures, such as green stormwater infrastructure.
Anne-Lise Boyer, a post-doctoral researcher with the Climate Assessment for the Southwest, shared that the team particularly analyzed extreme heat in three parts: heat mitigation, heat management and heat governance.
Mitigation deals with prevention through strategies such as green infrastructure and planting trees, while management includes cooling sensors and heat warning systems. Governance allows these measures to be enacted through policy.
In Tucson, some of the most meaningful work the team has engaged in has been drafting the City of Tucson’s Heat Action Roadmap in 2024, which outlines goals to mitigate and mandate extreme heat and its impacts while prioritizing community voices.
The goals of the roadmap include informing and educating citizens of Tucson on the adverse effects of extreme heat and cooling people’s homes and neighborhoods by incorporating heat risk in regional planning. These steps are essential to practicing heat management, especially as the city of Tucson grows.
“I think the most interesting thing about being based in Tucson is that because the heat has been here for a long time, it’s like a laboratory in itself,” Boyer said. “We have all this research and all this collaboration happening with local actors because it’s a pressing issue in Arizona.”
As the annual heat summit recurs, new ideas and perspectives continue to be shared throughout the community. Boyer shared that this year, the Southern Arizona Heat Summit focused on the youth perspective, highlighting middle school and high school students and how heat impacts their everyday lives. Many students spoke about how heat shaped their lives at home, school and sports.
“That’s one of the goals, to have community members participate and give their input in how they wish the city will deal with the heat,” Boyer said.
Boyer and Kirsten Lake, a program coordinator for the SW-IFL team, also shared how the impacts of extreme heat impact some neighborhoods and communities in Tucson more than others, and that their research often evaluates these factors to determine where heat management efforts would make the greatest impact.
“Its important when you’re putting into effect some of these measures, that you make sure you put it where it’s going to make the biggest difference,” Lake said.
The work of the SW-IFL team is not just locally known. The Brookhaven National Lab based in New York deployed a specialized truck to Tucson to collect information on the atmosphere and rising temperatures. The SW-IFL team hosted the Brookhaven team.
Additionally, Keith’s work has led to a guidebook called “Planning for Urban Heat Resilience” which focuses on the adverse effects extreme heat poses to marginalized communities across the country.
“It is so different from place to place and neighborhood to neighborhood because you have to take the whole context into account,” Boyer said. “They recommend first to document the heat impacts in your communities.”
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Arizona
Person accused of making terroristic threats to medical facility in northern Arizona
PAGE, AZ (AZFamily) — A person accused of making terroristic threats toward a northern Arizona medical facility was arrested Friday morning.
Just after 10:30 p.m., police received a report of a person calling the facility and threatening to kill staff and Native Americans, according to the Page Police Department.
Authorities said staff placed the facility on lockdown until officers identified the suspect and arrested them outside their home.
The suspect was booked on charges of disorderly conduct, threatening and intimidating, and making terroristic threats. Police have not publicly identified the person.
“The Page Police Department is grateful for and supports the medical staff’s decision to put the medical facility into lockdown until the suspect was arrested and the situation was rendered safe,” the department said in a Facebook post.
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Arizona
NFL mock draft: 4-round projections for Arizona Cardinals
In these four-round projections, the Arizona Cardinals don’t get a tackle until the fourth round.
We are just days away from the 2026 NFL draft, and that means some final mock drafts. What direction will the draft take the Arizona Cardinals?
Draft Wire’s Curt Popejoy put together a four-round mock draft for the Cardinals. They go defense early but rebuild the offense for 2026 and moving forward, including landing their potential franchise quarterback.
Cardinals 4-round mock draft
Here are the players in the first four rounds Popejoy projects for Arizona.
- Round 1: Ohio State EDGE/LB Arvell Reese
- Round 2: Alabama QB Ty Simpson
- Round 3: Clemson WR Antonio Williams
- Round 4: Florida OT Austin Barber
What we think of the picks
The Cardinals want to trade out of the third pick and draft a tackle, so not getting a tackle until Round 4 seems unlikely, although they did meet with Barber. They do have options at right tackle for 2026 already on the roster.
Reese would be a great pick if they don’t trade back, as they badly need pass-rushing help off the edge.
Drafting Simpson seems inevitable at this point, so it has to be in a mock draft, although the feeling is they will need to go up into Round 1 again to get him.
Williams has speed and is almost six feet tall, but he does have short arms.
Get more Cardinals and NFL coverage from Cards Wire’s Jess Root and others by listening to the latest on the Rise Up, See Red podcast. Subscribe on Spotify, YouTube or Apple podcasts.
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