Sixth Street Acquires Four Seasons Resort Scottsdale

The firm purchased the Troon North property for $372 million in a deal with Braemar Hotels & Resorts.

Updated on Oct. 29, 2026 in Hospitality

Luxury desert resort architecture made of stone and stucco, set against arid foothills and saguaro cacti under a clear blue sky. — Investment firm Sixth Street acquired the Four Seasons Resort Scottsdale at Troon North in a deal valued at $372 million. AI Illustration. Upload story photo >

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Investment firm Sixth Street has completed the acquisition of the Four Seasons Resort Scottsdale at Troon North. The deal marks a major ownership change for the 38-acre luxury resort property.

Why it matters

This significant real estate transaction brings new ownership to one of Scottsdale's prominent luxury destinations. The purchase includes substantial undeveloped land, offering potential for future site expansion.

The resort encompasses 210 rooms, including 188 casitas and 22 suites, spread across 38 acres of land. The facility also features 36,000 square feet of meeting space and a 9,000-square-foot spa.

The players

Sixth Street

Sixth Street is a global investment firm that manages significant capital across various industries and asset classes.

Braemar Hotels & Resorts

Braemar Hotels & Resorts is a real estate investment trust focused on investing in luxury hotels and resorts.

Riller Capital

Riller Capital is an investment firm that frequently partners with other capital groups to acquire and manage hospitality assets.

The details

Sixth Street executed the purchase in partnership with Riller Capital from the previous owner, Braemar Hotels & Resorts. The resort is situated in the Troon North area near the Pinnacle Peak landmark.

The acquisition was finalized and reported as of October 29, 2026.

Market Landscape

This acquisition mirrors the broader industry trend of institutional capital flowing into luxury resort markets to secure premium real estate assets. It positions Sixth Street to compete directly with other major investment firms managing high-end hospitality portfolios.

The ownership change does not immediately alter room rates or service offerings for guests and local diners. Regular visitors can expect standard resort operations to continue under the new ownership structure.

The takeaway

Large-scale hospitality transactions often signal long-term shifts in how premium resorts are managed and developed. Frequent guests should monitor future announcements regarding potential renovations or expansions on the site's 13 acres of developable land.