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Scottsdale McCormick Ranch Resort has secured $115 million through refinancing as it wraps up work on a $40 million renovation.

After acquiring the property in 2022, Driftwood Capital is nearing the completion of a $40 million transformational renovation and revitalization of the 47-year-old Scottsdale McCormick Ranch Resort.

SCOTTSDALE, ARIZ. — Driftwood Capital has obtained $115 million in refinancing for Scottsdale McCormick Ranch, a conference center resort in Scottsdale.

SCOTTSDALE, AZ (3TV/CBS 5) — The City of Scottsdale is paying for hotel rooms in the McCormick Ranch area to house migrants and homeless people transitioning out of ‘The Zone’ in Phoenix.