By Rob Schneider Hotel Investment Today
May 19, 2025
The REIT will make one of the largest hotel transactions so far in 2025 by acquiring the JW Marriott Phoenix Desert Ridge Resort, its first property in the Southwest.
PHOENIX — Nashville-based REIT Ryman Hospitality Properties has signed an agreement to purchase the 950-key JW Marriott Phoenix Desert Ridge Resort & Spa in Arizona from Honolulu-based Trinity Investments for $865 million, one of the largest hotel transactions so far in 2025.
“The JW Marriott Desert Ridge has been one of our top acquisition targets for many years. Given the limited availability of marquee group-focused assets that complement our existing portfolio and group strategy, we are thrilled to acquire this resort,” said Mark Fioravanti, president and CEO of Ryman. “Considering the strength of our forward bookings, the durable nature of our group business model and our early success with the 2023 acquisition of the JW Marriott Hill Country, we believe this is the right transaction for creating long-term customer and shareholder value.”