San Manuel Nation Acquires Fairmont Scottsdale Princess, Expanding Non-Gaming Portfolio

The San Manuel Investment Authority, the investment arm of Southern California’s Yuhaaviatam of San Manuel Nation, has acquired the Fairmont Scottsdale Princess in Scottsdale, Ariz., further expanding its non-gaming luxury footprint. Although financial terms were not officially disclosed, public filings with the Maricopa County recorder’s office indicate that four parcels of the 65-acre property sold for $241.4 million. The price tag includes nearly $24 million in equipment, fixtures, and other intangible assets. Strategic Hotels & Resorts served as the seller. With the purchase, the Yuhaaviatam of San Manuel Nation acquires one of Arizona’s premier resort properties.