Hyatt Acquires Arizona's Royal Palms Resort & Spa
The 119-room Royal Palms Resort & Spa, on the border of Paradise Valley and Scottsdale, Ariz., has been acquired by Hyatt Hotels to be part of its Unbound Collection. The hotel will continue to be operated as the Royal Palms Resort and Spa. Opened in 1929 as the home of New York financier Delos Willard Cooke, the property is known for its Mediterranean and Spanish-colonial architecture. On-site indoor and outdoor meeting space totals approximately 21,000 square feet. Other amenities include T. Cook's restaurant, the Alvadora Spa, the Desert Palm Pool (including cabanas, an outdoor bar and a café) and a two-story fitness center.
"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."