New York-based Loews Hotels & Resorts has purchased the Ventana Canyon Hotel & Resort for $33.5 million ($84,100 per room) from Ventana Canyon Hotel Associates (The Estes Family) of Tucson.
Since 1984, Loews has managed the 442,526-square-feet property, on approximately 83 acres, and reported there would be no operational changes for the resort. However, next Spring a significant multi-million-dollar update to the resort is expected to take place.
This Tucson landmark is located in the stunning Catalina Mountain range in the Sonoran Desert, with serene desert landscape and two Tom Fazio-designed PGA golf courses. The Real Estate Daily News recently reported this hotel & resort has been named for the past 30 years on the AAA list of Diamond Hotels and Resorts.
Loews Ventana Canyon has two signature heated pools, a Jacuzzi, a deluxe full-service Spa, plus 398 luxury guestrooms including 26 plush suites all with incredible views. Our 37,000-square-feet of indoor function space, and nearly 40,000-square-feet of outdoor space make this Tucson resort the perfect spot for a dream wedding or ideal choice for a corporate function.
The Frank Lloyd Wright-inspired architecture is surrounded by indigenous saguaro cactus trees. The stone columns at the entrance are modeled after the cacti, right down to their delicate ridges.
Loews Ventana Canyon Hotel & Resort is also proud to be named in Travel + Leisure's 2014 list of the Top 50 Hotels for World's Best Family Travel.
Loews Hotel & Resorts manages 23 hotels nationwide and earlier this year acquired the Loews Chicago O’Hare and Loews Minneapolis Hotels.
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[mepr-show rules="58038"]Sale date: 10/31/2014 APNs: 114-03-353C, 359A, 359B, 360B, 358A, 360A. Public record shows there was a loan assumption. It was reported by buyer that seller will maintain a small minor interest in the property and did not sell ownership to the Flying V Ranch adjacent to the property.[/mepr-show]