Daily News 10-15-2026

Scottsdale’s luxury hospitality market is seeing another major transaction as the Four Seasons Resort Scottsdale at Troon North is under contract to sell for $372 million, following the recent sale of the Fairmont Scottsdale Princess. Dallas-based Braemar Hotels & Resorts has entered into a definitive agreement to sell the landmark resort to Evergreen Acquisitions LLC, a Delaware-based company. The transaction, disclosed in filings with the U.S. Securities and Exchange…»

A century-old downtown Phoenix office building will get a new life as a hotel, after it was purchased by a hospitality developer. Aperture Hotels bought the Ellis Building, a six-story office building at Second Avenue and Monroe Street, from Equus Development Corp. for $10.3 million, according to real estate database Vizzda. The sale closed Oct. 6. The 61,000-square-foot building will be converted into a Tribute Portfolio by Marriott hotel with between 95 and 105 rooms, along with a ground-…»

Maintaining its status as one of the top hospitality development markets in the country, three major hotel projects have recently come to light or made progress in the Phoenix area. A July report from Lodging Econometrics showed metro Phoenix could see 26 new hotels opening in 2026, providing a total of up to 3,615 new rooms. Another 1,989 rooms across 16 developments were projected for 2027.

Algodon Center Hotel: A local news outlet recently reported on early plans for a…»

The Picklr announced it has filed for a court-supervised restructuring under Chapter 11 to strengthen its financial foundation. In an October 10 statement, the indoor pickleball franchisor said its clubs remain open, members continue to play and franchise partners are operating their independently owned clubs as usual. The company has secured a $4.5 million financing commitment from an investor group led by one of its franchisees, subject to court approval. According to the…»

Developer Dominium is planning a build-to-rent project in Avondale, Arizona, as it works to keep up with growth across greater Phoenix. The affordable housing developer, with headquarters in Dallas and offices in Atlanta, Phoenix and Minneapolis, recently closed on 25 acres in the city — about 20 miles west of downtown Phoenix — for a new 291-unit development called Rosilian Villas. Jacob Berger, a development associate with Dominium, told CoStar News that the firm…»