GIC Sells Arizona Biltmore to Blackstone

Posted on 04/24/2018

Blackstone Real Estate Advisors, part of the Blackstone Group, acquired the 740-room Arizona Biltmore hotel, located in Phoenix, for US$ 403.4 million. The deal closed on April 20, 2018. The seller is Singapore’s GIC Private Limited, which inherited the property in 2013 when it pulled the hotel of a 2-year slate of bankruptcy proceedings. GIC […]

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