JW Marriott Phoenix Desert Ridge Resort & Spa Sold for $865 million

Trinity Investments has announced the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, which it bought in 2019 and then renovated, to Ryman Hospitality Properties, Inc. for $865 million.

Trinity Investments, a U.S.-based real estate investor focused on the hospitality industry, has sold the JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million. Ryman Hospitality Properties, Inc., bought the resort, which features 950 rooms and is recognized as the largest in Phoenix.

Trinity Investments acquired the resort in 2019 for $602 million, using financial support from Elliott Investment Management. Following the purchase, Trinity Investments invested nearly $100 million in an extensive renovation project on the property.

The renovations, completed in 2023, included a complete overhaul of the lobby, redesigning of guest rooms, adding a full water park complex, and introducing two new signature dining destinations. One notable addition was Tía Carmen, a restaurant led by renowned executive chef Angelo Sosa.

Earlier this year, the JW Marriott Phoenix Desert Ridge Resort & Spa received recognition from U.S. News & World Report, ranking it among the best hotels in Phoenix. Sean Hehir, Trinity’s Managing Partner, President, and CEO stated that the successful sale demonstrates Trinity’s ability to add value and drive enhanced operational and financial performance through active asset management. He also commended the transformation of the property into a landmark destination for both business and leisure travelers.

The sale is expected to be completed in the second or third quarter of 2025. However, the specific terms of the transaction have not been disclosed.