Arizona Biltmore Resort & Spa
 Internationally acclaimed, the Arizona Biltmore Resort and Spa is a 730-room luxury resort, spa and conference center located in the heart of the Arizona desert. For 75 years, the famed Frank Lloyd Wright-inspired resort has been the standard for luxury accommodations in the Southwestern United States. As the premiere resort hotel in the southwest since 1929, the Biltmore has a rich history and cache unlike any other hotel in the region. Located on the outskirts of Phoenix when it was built, as Phoenix has grown, the Arizona Biltmore has become the centerpiece of the city's most prestigious residential area. Immediately surrounding the hotel is the Biltmore Estates, Phoenix's most exclusive residential community.
By 1992, the resort was in serious trouble, having passed through bankruptcy and foreclosure. It was then that Grossman Company Properties purchased the struggling resort and began an extensive renovation and expansion, all the while increasing the emphasis placed on serving the local community.
 Beginning in late 1992, Grossman Company Properties undertook a $60 million renovation including the complete remodel of every guest room and suite, the addition of a state-of-the-art resort pool complex, the addition of a 16,000 square foot conference facility, a modernization and complete renovation of the lobby and public areas, construction of a 20,000 square foot luxury spa and 122 room Arizona Wing and the development and construction of 80 luxury villas.
In 1994, GCP undertook the management of the Arizona Biltmore. As a result of the resort's comprehensive renovation and extremely high emphasis on guest service, the Arizona Biltmore was restored to its former glory and soon became the feature article in The New York Times, Los Angeles Times, Architectural Digest, and numerous other major publications.
In a staged transaction occurring in 1998 and 1999, Grossman sold its interest in the Arizona Biltmore to Wayne Huizenga's Florida Panthers for a valuation of approximately $350 million, making it, at the time, the largest commercial transaction in Arizona.
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