Tucson, AZ
CBRE Arranges $110 Million Sale of JW Marriott Tucson Starr Pass Resort & Spa
April 25, 2023
Media Contact
Communications Manager
CBRE has facilitated the sale of the JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort located at 3800 West Starr Pass Blvd., in Tucson, Arizona. Southwest Value Partners purchased the property for $110 million.
Christian Charre, Jennifer Bergamo, Paul Weimer, and Jennifer Jin with CBRE Hotels represented the seller, Fortress Investment Group, in the transaction.
“We are pleased to have found a buyer who understands Tucson and everything that this unique resort has to offer but will also take the JW Marriott to its next chapter through a renovation,” said Mr. Charre.
The JW Marriott Tucson Starr Pass Resort & Spa features three onsite nine-hole golf course, outdoor multi-level pools with lazy river and waterslide, private cabanas, hot tub, spa, and fitness center. The property also has 83,732 square feet of meeting and event space, including outdoor space, to host up to 3,300 guests.
“CBRE Hotels secured a strategic buyer for this exclusive off-market asset through a highly curated sales process,” said Ms. Bergamo.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.