The Ritz-Carlton Hotel Company, L.L.C. and Five Star Development Resort Communities, LLC have signed an agreement for the development of a new resort and residences in Paradise Valley near Scottsdale, Arizona.
“Paradise Valley in Arizona will be a great new destination for our brand in the Americas,” said Herve Humler, president and chief operating officer for The Ritz-Carlton. “We are pleased to be working with Five Star Development to create this unique desert resort for sophisticated travelers from around the world,” he continued. The Ritz-Carlton, Paradise Valley will be the centerpiece of one of the largest new master-planned communities featuring both a resort hotel and residences in close to a decade.
The affluent community know as Paradise Valley spreads from north of the Phoenix mountains to Cave Creek & Carefree and the McDowell Mountains to the east in greater metropolitan Phoenix, Arizona. Spread out over twenty acres, The Ritz-Carlton, Paradise Valley resort will consist of 200 casita-style guest rooms and 20,000 square feet of function space to host luxury meetings for corporate and incentive clients or as the backdrop to stage weddings and local social functions. The resort, with stunning views of iconic Camelback Mountain will also have a large destination spa with a health and wellness program featuring both an indoor and outdoor desert-inspired treatment menu. A citrus orchard and garden will grow seasonal produce harvested for the on-site restaurants.
The Ritz-Carlton Residences, Paradise Valley will be developed by Five Star Development Resort Communities in several phases adjacent to the hotel with residence owners having access to services from and privileges at the hotel including a dedicated concierge, priority access to hotel guest accommodations and amenities, in-residence dining and housekeeping. The multi-phased residential community will include 45 single-family homes and 94 villa residences.
Construction is expected to begin in July 2016 with the resort opening in late-2018.
