Singapore's GIC sells iconic Phoenix hotel to Blackstone for $403m: Report

Singapore's GIC sells iconic Phoenix hotel to Blackstone for $403m: Report

Photo: Reuters

Singapore’s sovereign wealth fund GIC has sold The Arizona Biltmore Resort & Spa, the 89-year-old iconic resort in Phoenix that it acquired in 2013, for $403.4 million, according to a report published by AZCentral.

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