Southwest Value Partners Acquires JW Marriott Tucson Starr Pass Resort & Spa for $110m
Southwest Value Partners has acquired the JW Marriott Tucson Starr Pass Resort & Spa for $110 million from Fortress Investment Group. The 575-key property, located at 3800 W. Starr Pass Blvd. in Tucson, is regarded as one of the top resorts in Arizona and is recognized with AAA's 4-Diamond designation.
With offices in San Diego, Nashville, and Phoenix, Southwest Value Partners is owned and operated by Managing Partners Mark Schlossberg and Cary Mack. The firm's diverse investment portfolio includes substantial hospitality holdings both nationally and in Arizona. In addition to Starr Pass, the firm's other assets in Arizona include the 487-room Westin La Paloma Resort & Spa in Tucson, the 235-key Hilton Resort & Villas in Scottsdale, and the 378-room Doubletree Resort by Hilton Hotel Paradise Valley - Scottsdale.
"Starr Pass is an iconic property in Arizona, and we are pleased to add it to our growing portfolio," said Schlossberg and Mack in a joint statement. "The well-appointed rooms and suites, luxury amenities, and excellent service make for an unforgettable visitor experience."
Key features of the JW Marriott Tucson Starr Pass Resort & Spa include more than 80,000 square feet of flexible indoor and outdoor meeting and event space capable of hosting up to 3,300 guests; seven food and beverage outlets; three pools, including a lazy river and water slide; a 20,000 square foot spa; and the 27-hole, Arnold Palmer-designed Starr Pass Golf Club.
Christian Charre, Jennifer Bergamo, Paul Weimer, and Jennifer Jin with CBRE Hotels represented the seller, Fortress Investment Group, in the transaction.
The resort, which opened in 2005, will continue to be managed by Marriott. Southwest Value Partners is evaluating potential renovations and upgrades to the property.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
