Assignment
Trimont was engaged on multiple assignments by a European investment bank and a U.S. pension fund to provide asset management and servicing on $431 million of senior and subordinate loans.
Asset
The JW Marriott Desert Ridge Resort & Spa is a 950-room luxury golf and spa resort hotel in the city of Scottsdale adjacent to Phoenix, AZ. The Property opened for business in December 2002 and includes 50,000 sf of internal meeting space and 200,000 sf of total conference space. Amenities include eight restaurants, two championship golf courses, seven food and beverage outlets, a 25,500 sf spa, eight tennis courts, extensive swimming pools, a health club and a children’s recreational center. The resort sits on approximately 400 acres of land with the hotel situated on 46 acres and the two golf courses on the remaining land. The hotel’s 950 guest rooms include four presidential suites, 35 luxury suites and 38 executive suites.
Insights
- The Wildfire Gold Club golf course, the resort’s crowning jewel, was voted one of the “Best Courses You Can Play” by Golfweek Magazine.
- The famed chef, Roy Yamaguchi, opened a Roy’s Restaurant at the resort in 1995.