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3 Palms Hotel in Scottsdale, Arizona, Sells for $23 Million

California Private Investors Acquire the 130-Room Hotel and Neighboring Restaurant
Private investors based in California have purchased the 3 Palms Hotel on East McDowell Road near Old Town Scottsdale. (CoStar)
Private investors based in California have purchased the 3 Palms Hotel on East McDowell Road near Old Town Scottsdale. (CoStar)
By Jadie Robinson
CoStar Research
November 13, 2023 | 4:05 P.M.

The 3 Palms Hotel in Scottsdale, Arizona, along with the on-site 5,500-square-foot restaurant occupied by Gecko Grill, sold in October to California private investors for $23 million.

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