HODGES WARD ELLIOTT ADVISES ON THE SALE OF THE BOULDERS RESORT AND SPA

Hodges Ward Elliott (“HWE”) is pleased to have represented an affiliate of Blackstone Group in the sale of The Boulders Resort and Spa (the “Boulders”) in North Scottsdale, Arizona.  The 1,300-acre resort features 160 casitas as well as one-, two-, and three-bedroom Villa and Hacienda accommodations.  Additionally, the Boulders includes two 18-hole Jay Morrish-designed championship golf courses, a terraced tennis garden, four swimming pools, six restaurants, a 33,000 sq. ft. spa, fitness center and features an array of outdoor adventure activities.  Following the sale, the Boulders will join Hilton’s Curio Collection.

HWE is the leading hotel brokerage and investment-banking firm in the country providing total capital solutions, including hotel sales, recapitalizations and debt placement for our clients.  Over the past 5 years, HWE has sold or financed more than $17 billion of hotels and resorts across the U.S. and Europe.