Hyatt Hotels Corporation entered into an agreement with a wholly owned subsidiary to purchase the 119-room Royal Palms Resort and Spa in Phoenix. The transaction is expected to close in July 2016. The hotel will continue to be operated as the Royal Palms Resort and Spa and will become affiliated with The Unbound Collection by Hyatt.
“The acquisition of the Royal Palms Resort and Spa shows our commitment to growing this brand, as well as our commitment to guests as we aim to create an increased presence in markets where we know they are traveling,” said Steve Haggerty, global head, real estate and capital strategy for Hyatt. “The Royal Palms Resort and Spa is an ideal fit for The Unbound Collection by Hyatt given the hotel’s prominent positioning in the market and its ability to create experiences for our guests. We look forward to continuing to grow this brand globally in a strategic and meaningful way.”
The Royal Palms Resort and Spa borders Scottsdale and Paradise Valley in Arizona. It was opened in 1929 as the home of wealthy New York financier, Delos Willard Cooke.
The property has 119 guestrooms, suites, casitas and villas, as well as more than 21,000 square feet of indoor and outdoor meeting space. Its amenities include the Alvadora Spa and the T.Cook’s restaurant, which has seasonal menus. The Alvadora Spa is designed with stone interiors, and the outdoor treatment areas are set within private courtyards. The resort’s Desert Palm Pool includes cabanas, an outdoor lounge and spa and The Mix Up Bar and Desert Pool Side Café, which offers creative cocktails and al fresco poolside dining. A two-story fitness center overlooks the estate that includes an orange grove and Tuscan-style gardens with stone fireplaces throughout.
The Unbound Collection by Hyatt launched in February 2016 and has since grown to six properties, including the newest addition of the Royal Palms Resort and Spa. Other properties in the collection include The Confidante in Miami Beach, Miami; The Driskill Hotel in Austin, Texas; the Hôtel du Louvre in Paris, France; the Carmelo Resort & Spa in Carmelo, Uruguay; and the Coco Palms Resort in Kauai, Hawaii, which is expected to undergo a revitalization and reopen in spring 2018.