Gurney’s Resorts recently announced the acquisition of Sanctuary Camelback Mountain Resort and Spa in Paradise Valley, AZ. Scottsdale-based real estate investment company BB Hotels (formerly Berger Holdings) has partnered with New York-based Metrovest Equities and BLDG MGMT to purchase the iconic resort in Paradise Valley. The transaction is expected to close in early November. Financial terms of the transaction were not disclosed.
Owned by Robert H. Castellini since 1992, the popular Sanctuary Camelback Mountain Resort and Spa has long been an acclaimed and award-winning destination in the Southwest. Set upon 53 acres of lush desert landscape with manicured grounds, gardens, pools, and award-winning facilities, the property features a 12,000-square-foot spa, fitness center, and 109 casitas. Under new ownership, it will operate as Sanctuary Camelback Mountain, a Gurney’s Resort & Spa. General manager Michael Surguine will continue in his role, overseeing the elevated experience guests and locals have been enjoying for more than 20 years.
“Our success was possible due to our phenomenal team,” says Castellini. “It has been an honor and privilege for my family to serve as stewards of this incredible Paradise Valley landmark. We believe that Gurney’s Resorts fully appreciates this great honor and understands the importance of Sanctuary’s history and charm to Paradise Valley and to all our loyal patrons.”
Gurney’s Resorts and BB Hotels will be evaluating all aspects of the resort in anticipation of a comprehensive renovation and property-wide refurbishments set to begin in summer 2022. The property will remain open throughout the transition and renovation.
The acquisition marks a westward expansion for the independent hospitality brand whose current portfolio includes the beloved Gurney’s Montauk Resort & Seawater Spa in Montauk, NY.
“The Sanctuary is a treasure in our community,” says Darryl Berger, co-founder of BB Hotels and a Paradise Valley resident. “Arizonans and folks from around the world love this resort. My partners and I are thrilled to be the Sanctuary’s next stewards, and we thank Mr. Castellini and the Westroc team for entrusting us with this honor.”
“Gurney’s Resorts is honored to partner with such a beloved property, and we are thrilled to bring our signature hospitality to the Sanctuary while maintaining the resort’s local character,” says George Filopoulos, owner of Gurney’s Resorts. “Gurney’s Resorts are known for their inspiring locations, unparalleled access, and best-in-class amenities, and the Sanctuary effortlessly features these attributes in a refined yet relaxed setting.”
