{"id":1004227746,"date":"2018-05-04T09:25:01","date_gmt":"2018-05-04T17:25:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227746"},"modified":"2022-12-07T02:09:58","modified_gmt":"2022-12-07T10:09:58","slug":"scottsdale-plaza-resort-in-az-receives-64m-refinancing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/","title":{"rendered":"Scottsdale Plaza Resort in AZ Receives $64M Refinancing"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004227803\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004227803\" data-attachment-id=\"1004227803\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/scottsdale-plaza-resort\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg\" data-orig-size=\"2670,2002\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;SIEGEL&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark IV&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1483427662&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;8&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Scottsdale Plaza Resort\" data-image-description=\"&lt;p&gt;Scottsdale Plaza Resort&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Scottsdale Plaza Resort&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?w=1024\" class=\"wp-image-1004227803 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg\" alt=\"Scottsdale Plaza Resort\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg 2670w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=150,112 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Scottsdale-Plaza-Resort-e1525447049564.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227803\" class=\"wp-caption-text\">Scottsdale Plaza Resort<\/p><\/div>\n<p>The Scottsdale Plaza Resort in Scottsdale, Ariz., has received $63.5 million in refinancing. HFF worked on behalf of the borrower, Scottsdale Plaza Resort LLC, to secure the funds through Apollo Commercial Real Estate Finance Inc. Proceeds will be used to retire an existing CMBS loan.<\/p>\n<p>According to <em>Commercial RealEstate Direct<\/em>, the owner of the resort is an investor group led by Plaza Management Corp. In 2006, the group secured a $57.2 million loan with JPMorgan Chase Commercial Mortgage Securities Corp. The group has owned and operated the property since its opening in 1976.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/xenia-invests-305m-in-2-az-hotels\/\">The Scottsdale resort<\/a> occupies 40 acres located at 7200 N. Scottsdale Road, approximately 17 miles north of downtown Phoenix. Ownership recently completed a three-year-long renovation, with a multimillion-dollar investment. The 404-key resort features:<\/p>\n<ul>\n<li>five swimming pools<\/li>\n<li>24-hour fitness center<\/li>\n<li>24-hour business center<\/li>\n<li>walking trails<\/li>\n<li>two lighted tennis courts<\/li>\n<li>full-service salon, spa and sauna<\/li>\n<li>50,000 square feet for events<\/li>\n<li>complimentary shuttle service<\/li>\n<\/ul>\n<p>Scottsdale Plaza Resort is situated in an area which sees more than 7 million tourists annually. Main attractions nearby include the Scottsdale Fashion Square Mall, Old Town Scottsdale, the Scottsdale Waterfront and Camelback Mountain.<\/p>\n<p><i>Photo courtesy of Scottsdale Plaza Resort<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property\u2019s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.<\/p>\n","protected":false},"author":1284,"featured_media":1004506340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21751,21742,1601,15],"tags":[34120,32792,35274],"class_list":["post-1004227746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-hotel","category-latest","category-phoenix","category-west","tag-apollo-commercial-real-estate-finance-inc","tag-hff","tag-jpmorgan-chase"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scottsdale Plaza Resort in AZ Receives $64M Refinancing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scottsdale Plaza Resort in AZ Receives $64M Refinancing\" \/>\n<meta property=\"og:description\" content=\"The property\u2019s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-04T17:25:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T10:09:58+00:00\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/\",\"name\":\"Scottsdale Plaza Resort in AZ Receives $64M Refinancing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg\",\"datePublished\":\"2018-05-04T17:25:01+00:00\",\"dateModified\":\"2022-12-07T10:09:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg\",\"width\":3000,\"height\":2000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Scottsdale Plaza Resort in AZ Receives $64M Refinancing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Scottsdale Plaza Resort in AZ Receives $64M Refinancing - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/","og_locale":"en_US","og_type":"article","og_title":"Scottsdale Plaza Resort in AZ Receives $64M Refinancing","og_description":"The property\u2019s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.","og_url":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-04T17:25:01+00:00","article_modified_time":"2022-12-07T10:09:58+00:00","author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/","url":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/","name":"Scottsdale Plaza Resort in AZ Receives $64M Refinancing - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg","datePublished":"2018-05-04T17:25:01+00:00","dateModified":"2022-12-07T10:09:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg","width":3000,"height":2000},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/scottsdale-plaza-resort-in-az-receives-64m-refinancing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Scottsdale Plaza Resort in AZ Receives $64M Refinancing"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Scottsdale-Plaza-Resort.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004227746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1284"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004227746"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004227746\/revisions"}],"predecessor-version":[{"id":1004227854,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004227746\/revisions\/1004227854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506340"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004227746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004227746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004227746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}