# Native tribe acquires Phoenix resort

> San Manuel Nation buys Fairmont Scottsdale Princess for $241.4m to expand non-casino hospitality.
- Title: Native tribe acquires Phoenix resort · The Real Deal
- Summary: San Manuel Nation buys Fairmont Scottsdale Princess for $241.4m to expand non-casino hospitality. San Manuel Investment Authority purchased Fairmont…
- Keywords: san manuel nation, fairmont scottsdale princess, phoenix, non-casino hospitality, investment authority, native american tribe, resort purchase, real estate, business, Native, tribe, acquires
- Source: The Real Deal — https://therealdeal.com/national/phoenix/2026/10/08/fairmont-scottsdale-princess-hotel-sells-to-native-tribe
- Author: TRD Staff
- Published: 2026-10-08T16:00:00+00:00
- Read time: 1 min
- Topics: san manuel nation, fairmont scottsdale princess, phoenix, non-casino hospitality, investment authority, native american tribe, resort purchase, real estate, business
## San Manuel Nation buys Fairmont Scottsdale Princess
The San Manuel Investment Authority purchased the Fairmont Scottsdale Princess resort for $241.4 million including 750 keys and amenities.
## First Arizona acquisition for tribe
This marks the tribe's first property in Arizona, adding to holdings in california, virginia and washington d.c.
## Phoenix hospitality market growth
Phoenix hotels generated $7.2 billion in economic activity last year through tourism events and conventions.
## Key takeaway

San Manuel Investment Authority purchased Fairmont Scottsdale Princess hotel for $241.4 million to increase non-casino hospitality investments in Arizona.