Gurney’s Resorts partnered with Scottsdale, Ariz.-based real estate investment company BB Hotels to acquire the Sanctuary Camelback Mountain Resort & Spa in Paradise Valley, Ariz. The transaction is expected to close in early November. Financial terms of the transaction were not disclosed.
Robert Castellini has owned Sanctuary Camelback Mountain Resort & Spa since 1992 and was responsible in concert with Westroc Hospitality for transforming Sanctuary into an award-winning resort. Under new ownership, the property will remain fully operational as Sanctuary Camelback Mountain, a Gurney's Resort & Spa, and GM Michael Surguine will continue in his role.
“Our success was possible due to our phenomenal team,” Castellini said. “It has been an honor and privilege for my family to serve as stewards of this incredible Paradise Valley landmark. We believe that Gurney’s Resorts fully appreciates this great honor and understands the importance of Sanctuary’s history and charm to Paradise Valley and to all our loyal patrons.”
Together, Gurney’s Resorts and BB Hotels are reviewing all aspects of the resort in anticipation of a comprehensive renovation and propertywide refurbishment beginning in summer 2022. The property will remain open throughout the transition and renovation.
The acquisition marks a westward expansion for the independent hospitality brand whose current portfolio includes the Gurney’s Montauk Resort & Seawater Spa in Montauk, N.Y.