Hospitality investment firm LionGrove has acquired ADERO Scottsdale (Ariz.) Resort, Autograph Collection. Terms and conditions of the transaction were not disclosed.
"The acquisition of ADERO Scottsdale marks an exciting milestone in LionGrove's dedication to building a portfolio of distinctive hospitality properties that create memorable and enriching guest experiences," Chris Sariego, senior managing director and COO of LionGrove, said in a statement. "ADERO Scottsdale stands out as a property that effortlessly combines modern luxury, thoughtful design, and a deep connection to the breathtaking desert landscape. We're excited to add such a unique and forward-thinking resort to our growing portfolio."
ADERO Scottsdale Resort is a part of Marriott Bonvoy's Autograph Collection. The resort opened in October 2020 after a $100 million investment. It has 177 rooms, including 16 oversized suites and 32 casita-style rooms with fireplaces. Located with views of Arizona's Four Peaks and McDowell Mountain Range, the resort is Scottsdale's only Dark Sky Zone resort.
Located 30 minutes from Phoenix Sky Harbor International Airport, the resort has two heated pools, a sundeck and a 5,000-square-foot wellness studio with daily yoga, stretch and Pilates classes. Additional features include a boutique spa, more than 16,800 square feet of event spaces and the signature CIELO restaurant.
"This acquisition represents LionGrove's first hotel property in Arizona, marking an exciting milestone in our journey of growth and innovation," said Andro Nodarse-León, CEO of LionGrove. "It underscores our commitment to strategically expanding into high-growth markets."
ADERO Scottsdale Resort becomes the newest addition to LionGrove's portfolio, joining the Wyndham Grand Rio Mar Rainforest Beach & Golf Resort, Wyndham Palmas Beach and Golf Boutique Resort, and Fairmont El San Juan Hotel.