San Francisco – Sixth Street, a leading global investment firm, today announced it has acquired the Four Seasons Resort Scottsdale at Troon North (“Four Seasons Scottsdale”), a 210-room luxury resort in Scottsdale, Arizona, for $372 million from Braemar Hotels & Resorts (“Braemar”, NYSE: “BHR”). Sixth Street completed the transaction in partnership with Riller Capital.
Spanning approximately 38 acres at the base of Pinnacle Peak in North Scottsdale, Four Seasons Scottsdale offers a secluded Sonoran Desert setting with sweeping desert and mountain views. In a market with limited land availability, the property also includes approximately 13 acres of developable land beyond the resort’s existing footprint. The resort features 188 casitas and 22 suites, five food and beverage venues, a 9,000-square-foot spa, a fitness center, a multilevel pool complex, tennis and pickleball courts and approximately 36,000 square feet of indoor and outdoor meeting and event space. The Four Seasons Scottsdale also offers direct access to hiking through a private on-site trailhead and preferred access at the adjacent Troon North Golf Club.
“The Four Seasons Scottsdale is an iconic, irreplaceable luxury resort in one of the country’s fastest-growing and most attractive destinations,” said Aman Gupta, Principal at Sixth Street. “With its dramatic desert setting at the base of Pinnacle Peak, distinctive casita-style accommodations, strong amenity base and best-in-class service and operations, the property offers a differentiated experience for high-end-leisure and group customers alike. We look forward to working with Four Seasons to further enhance the resort’s offerings to cement its position as one of the top resorts in the Southwest. This investment reflects Sixth Street’s continued conviction in the long-term fundamentals of luxury travel, particularly for distinctive properties.”
Sixth Street Real Estate invests directly in properties, provides solutions across the capital structure—including equity, preferred equity and debt—and partners with sector-related operating businesses. The firm’s real estate investments span a wide range of asset classes, including residential, office, hospitality, industrial, data centers, retail and other specialized sectors.
Sixth Street was advised by Latham & Watkins and Fennemore Craig, P.C. Eastdil Secured arranged the financing for Sixth Street, which was provided by Ares Management Corporation.
About Sixth Street
Sixth Street is a global, multi-strategy private capital investment firm with more than $140 billion in assets under management and committed capital as of June 30, 2026. Founded in 2009, Sixth Street is dynamic by design, pairing the flexibility of its long-term capital with a focus on identifying the best relative risk-reward opportunities in any asset class, any industry, around the globe. With more than 750 team members across 14 offices worldwide, Sixth Street is built as One Team for one purpose: to deliver investing excellence for its capital partners, companies and management teams. For more information, and additional disclosures, visit www.sixthstreet.com, and follow Sixth Street on LinkedIn.
About Braemar Hotels & Resorts
Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.
Sixth Street
Email: media@sixthstreet.com
