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Trinity Investments and Partners Group Acquire The Scottsdale Plaza Resort & Villas

37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites

PARADISE VALLEY, Ariz., April 08, 2024--(BUSINESS WIRE)--A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments ("Trinity"), announced today the acquisition of The Scottsdale Plaza Resort & Villas (the "Resort"), located in Paradise Valley, Arizona.

The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa suites, as well as 50,000 square feet of meeting space. The transaction also includes the potential for expansion with entitlements secured by the seller.


In recent years, Phoenix has become one the most populous and fastest-growing metro areas in the U.S., and is a leading destination market, hosting more than 23 million visitors annually. The Resort is located on nearly 40 acres of land in one of Phoenix’s nicest towns, Paradise Valley, and is directly adjacent to The Ritz-Carlton Hotel & Residences, Paradise Valley, and its surrounding developments.

"The Scottsdale Plaza Resort & Villas is a prime example of an excellent property coming to market in need of a significant capital investment from a partnership like Trinity and Partners Group that can deliver a development plan for future growth," said Sean Hehir, Managing Partner, President, and CEO of Trinity. "We are pleased to work with Partners Group again as we execute on our repositioning and enhancement plan for this already well-performing asset."

As part of its acquisition strategy, Trinity will execute a targeted capital plan intended to create a cohesive resort experience, specifically catering to large groups, friends and family, and premium leisure travelers. The Resort will remain unencumbered of brand and will continue to be managed by Highgate.

"Trinity has been an excellent partner in creating, managing and delivering additional value on our joint investments," said Jason Longo, Senior Investment Leader, Partners Group. "I am looking forward to continuing to build our real assets portfolio and platform together."

This acquisition extends the partnership between the two firms, which began with their first joint venture in 2022 with The Las Colinas Resort in Dallas, which recently converted to The Ritz-Carlton Dallas, Las Colinas.

About Trinity Investments
Trinity is a private real estate investment firm with a 28-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with offices in Los Angeles and London, Trinity focuses on unique real estate investments in world-class markets. As of April 2024, Trinity has invested more than US $9.8 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity’s website at For updates on Trinity’s investment activity, follow Trinity on LinkedIn.

About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 210 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate attractive returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 147 billion in assets under management as of 31 December 2023, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,900 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit or follow us on LinkedIn.

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Trinity Media
Kris Cole / Carlin Pappas
Prosek Partners