JV Buys JW Marriott Desert Ridge

A joint venture between Trinity Real Estate Investments and funds managed by Elliott Management Corp. has acquired the JW Marriott Desert Ridge Resort and Spa in Phoenix. The partnership is strategically acquiring value-add hotel properties.

JW Marriott Desert Ridge Resort and Spa is a 950-unit with 212,500 square feet of flexible meeting space, seven food and beverage options. The JV plans to implement a multi-million improvement plan to unlock value at the property.

Trinity and Elliott have an ongoing partnership to acquire hotel assets. In December 2018, the duo acquired Grande Lakes Orlando Resort.