The Fairmont Scottsdale Princess has received unanimous approval from the Scottsdale Planning Commission for its expansion plans, including adding more hotel rooms, new food and beverage concepts, and expanding event space. The proposal, which includes a 155-unit guest wing, bungalows, an Italian restaurant, and a coffee shop, will now be reviewed by the Scottsdale City Council. The Princess aims to commence construction as soon as approvals are granted. The resort, located on 66 acres, has engaged multiple architecture firms for the design of its new amenities. Additionally, the Princess recently opened Privado Villas to meet the growing demand for luxury accommodations. Arizona’s hospitality industry continues to thrive, with numerous hotel projects underway, further enhancing the state’s reputation as a top tourist destination.
Menu
More Information
Frequently asked questions
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Helpful blog posts
Menu
480.947.0600
