SEDONA, AZ-Gemstone Resorts International LLC has landed a three-year contract to manage and strategically position the 77-room, four-star Sedona Rouge Hotel and Spa. The Park City, UT-based management company’s contract includes an option to renew in three-year intervals.

“All rooms aren’t even online yet,” says Jeff McIntyre, principal with Gemstone. “But the last couple of weekends, we’ve been full, an astonishing accomplishment for a brand-new hotel.” Sedona Rouge, which opened in June at 2250 W. Highway 89A, has room rates of $149 to $320 per night. The amenity package includes a fitness center, swimming pool and 5,800 sf of meeting and function space.

Gemstone’s role in managing the asset is that of an “active advisory capacity,” McIntyre tells GlobeSt.com. “We’re involved daily with the management there and do anything and everything we can right now to help them achieve strategic objectives they’ve crafted.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.