HREC arranges the sale of the FireSky Resort in Scottsdale, Ariz.

FireSky Resort & Spa

HREC Investment Advisors arranged the sale of the 204-room full-service FireSky Resort & Spa, located in the heart of Scottsdale, Ariz. Grossman Co. Properties acquired the 8.2-acre property for $62.5 million. Classic Hotels & Resorts, the hospitality division of Grossman Co. Properties., will manage the property.

Bill Murney, SVP in HREC Investment Advisors’ Phoenix office exclusively represented KHP Capital Partners, during the transaction. "The new owners will undergo an extensive rooms and public space renovation over the next 18 months that will transform the resort into the leading boutique resort in Scottsdale," Murney said.

Situated at Camelback Road and Scottsdale Road, across from the Scottsdale Fashion Square Mall, the FireSky provides guests with access to all of Scottsdale’s amenities and attractions. The property is near Old Town Scottsdale and Scottsdale’s entertainment district.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Read more on

Suggested Articles

The online event consolidated five in-person events into the two-day Hotec Global virtual conference.

The November edition of PwC’s "U.S. Hospitality Directions" suggests the second half of 2021 may bring some recovery for the industry.

These key technologies can help hoteliers meet the needs of the pandemic holiday traveler.