Real estate company

Arizona real estate company buys El Chorro Lodge in Paradise Valley

PHOENIX – An Arizona real estate developer who bought El Chorro Lodge in Paradise Valley plans to preserve and improve the property, the company said on Wednesday.

Grossman Company Properties, a property and hotel development and management company, recently paid $ 19.5 million for the iconic Paradise Valley property, according to ABC15.

It is planned to continue operations at the lodge, which reopens for dinner service Wednesday at 5 p.m. after a seasonal closure.

“Our approach to hospitality investing is to honor a property’s history and heritage while making it a successful and sustainable business, with a focus on long-term management,” said John Grossman, CEO of Grossman Company Properties, in the statement.

“Our plan with El Chorro is to take this approach and celebrate the heritage of the property while showcasing it to a new generation of customers, in tune with the uniqueness of Paradise Valley.”

Former lodge owner Jacquie Dorrance bought the property in 2009 but recently searched for Grossman, the statement said.

Dorrance knew that El Chorro could be developed and “wanted to make sure it was done in a way that was consistent with the history of the property and the character of Paradise Valley Town,” the statement said.

“We are delighted to be able to work with Jacquie Dorrance on this purchase and are proud to have the opportunity to preserve and enhance El Chorro,” said Matt Crow of Grossman Company Properties, a Paradise Valley resident for over 30 years. years, in a statement. Press release.

The developers own and operate the Arizona Grand Resort & Spa and the Scott Resort & Spa.

The company previously owned and renovated the Arizona Biltmore Resort and Spa.

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