"Once operational." That phrase sits in a federal bankruptcy filing dated October 14, 2026. It describes the hotel Paradise Valley has been driving past on Lincoln Drive for years: a 215-room resort with a 16,000-square-foot spa, more than 80,000 square feet of outdoor event space and a 400-foot pool. The same paragraph says that once the hotel opens, The Ritz-Carlton Hotel Company, a Marriott subsidiary, will run it. The disclosure statement gives no date for that.
It does give other dates. They're in December, and they belong to a courtroom in Houston. The filing describes a liquidating plan for the hotel, and if the court confirms that plan, the hotel's next step is a sale. The villas beside it are a different story. The filing says most of them are already occupied. So the corner at Lincoln and Mockingbird has turned into two projects on very different clocks.
Two projects on the same 122 acres
The Town of Paradise Valley's special use permit, Ordinance 694, gives the boundaries of the resort site at 7000 E. Lincoln Drive: Lincoln Drive on the south, Mockingbird Lane on the west, Indian Bend Road on the north and the Scottsdale city limits on the east. The permit covers about 105 acres at the northeast corner of Mockingbird and Lincoln. The retail piece, called The Palmeraie, sits next door in Scottsdale at 6990 N. Scottsdale Road, on the southwest corner of Scottsdale Road and Indian Bend.
Here's how the October 14 filing describes each piece:
| Component | What was planned | Status in the Oct. 14, 2026 filing |
|---|---|---|
| Ritz-Carlton resort | 215 rooms, spa, 400-foot pool | Unfinished; plan proposes marketing and selling it after confirmation |
| Branded Villas | 80 villas | "The vast majority" occupied; unsold villas go into a Plan Trust |
| Estate Homes | 32 homes | Several occupied, under construction or under contract |
| The Palmeraie | 29-acre district, about 160,000 sq ft of retail and dining | Described as planned and fully entitled |
The residential side has kept moving through the bankruptcy. The filing says 20 villas have closed since the petition date, bringing in about $65.4 million in net sale proceeds. Those are the developer's own figures, filed with the court. For neighbors, they mean the homes inside the gates are filling in while the hotel at the center stays dark.
Over eleven months, the goal changed from restarting construction to selling the hotel
The plan for the hotel has changed a lot in less than a year.
Five Star Development filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas on November 4, 2025. In its announcement that day, the company said hotel construction was "in its final phase," with luxury interior finishes "ready to begin once court approvals are finalized." It called a full construction restart a priority. The same day, the Paradise Valley Independent reported that work on the hotel had stopped.
By late September 2026, the Phoenix Business Journal was reporting that the bankruptcy plan was weighing a sale of the hotel. The plan also covered unsold villas and the land set aside for a luxury shopping center. That story put the vote in November.
The October 14 disclosure statement turns the sale into a formal proposal and moves the dates. It is still a proposal, and it only happens if the plan is confirmed. Under the plan, on its effective date, the remaining assets of the Ritz project companies go into a Plan Trust. That includes the undeveloped land, the unsold villas and whatever the hotel sale brings in. The trust will "hold, administer, liquidate, and distribute" those assets. The plan calls for the hotel and its furniture, fixtures and equipment to be marketed and sold after confirmation, under bidding procedures that haven't been heard yet. The filing doesn't name a buyer, and it doesn't promise that the sale will close or stay on schedule.
So last November's message was about finishing the hotel, and this October's filing is about who will own it next. Whoever buys it will make the decisions about construction, timing and opening, and that buyer isn't known yet.
The dates that will decide the hotel's next owner
If you've been waiting on an opening date, this is the calendar to follow for now. All times are Central, because the case is in Houston.
- December 4, 2026: Deadline to file written objections to confirming the plan.
- December 7, 2026, 1:00 p.m.: Voting deadline for creditors entitled to vote on the plan.
- December 15, 2026, 1:00 p.m.: Combined hearing before U.S. Bankruptcy Judge Alfredo R. Pérez at 515 Rusk St., Houston.
- After confirmation: Under the plan, the hotel would go to market under the bidding procedures.
The filing notes that the court can push the combined hearing back "from time to time" without further notice, so December 15 isn't guaranteed. The full docket and court documents are posted on the case administrator's site.
We're reporting what the filing says, and this post is general information, not legal or financial advice. If you're a villa owner, contractor, creditor or anyone else with a stake in the case, the filing itself says to talk with your own attorney, and that's the right call.
Where Mott 32 and the shopping district stand
The fine dining is what most of us were waiting for, and it has slipped the furthest. In March 2024, Forbes reported that Mott 32 would be the resort's flagship restaurant and was aiming to open in late 2024. That target is nearly two years old. As of this fall, Mott 32's own website still lists Scottsdale as "in development."
The Palmeraie is also still on paper. The October filing calls it a fully entitled 29-acre district planned for about 160,000 square feet of retail, dining and experiences. It lists no tenants and no opening date. The September Business Journal story described the same ground as land set aside for a luxury shopping center. The shopping district depends on the same court process as the hotel, so the December calendar affects your future dinner reservations at Scottsdale and Indian Bend too.
The new resort dining that is open now
The new resort restaurant this stretch of Scottsdale Road actually got this year is a little farther north. Kimpton Miralina Resort & Villas, at 7200 N. Scottsdale Road, opened January 7, 2026, after a $42 million renovation of the old Scottsdale Plaza Resort. The first phase has 224 rooms and 36 casitas.
Its signature restaurant is Hecho Libre, an all-day Mexican kitchen led by Wes Avila, a two-time James Beard finalist, in partnership with sbe. The resort lists these hours:
- Breakfast: 7 to 11 a.m. daily
- Lunch: 11 a.m. to 2 p.m.
- Dinner: 5 to 9 p.m.
- Bar: 11 a.m. to 10 p.m.
You don't need a room to eat there. Hecho Libre takes public reservations on OpenTable, which lists a typical check of $31 to $50 per person. Café Libre, in the same space, does coffee and pastries. The resort's events page lists live music at Hecho Libre on Fridays from 6 to 8 p.m. and takes reservations for it.
Two things to know before you plan around it. The Día de los Muertos dinner at Hecho Libre on November 1 is already listed as sold out. The Miralina After Dark sound baths on November 11, 18 and 19 are for resort guests only.
Miralina has its own 2027 timeline, and unlike the Ritz-Carlton's, it's a published schedule. The resort says The Valley villas and The Enclave residences open in early 2027. Katsuya, the restaurant tied to The Enclave, is listed for 2027.
One more date falls in the same weeks as the court calendar, and it's back on Lincoln Drive. The Town of Paradise Valley's Veterans' Appreciation Vintage Car Show runs Saturday, November 14, from 8:30 to 11:30 a.m. in the Town Hall parking lot at 6401 E. Lincoln Drive.
If you live near Lincoln and Mockingbird or own one of the occupied villas, the December hearing and whatever sale follows will shape your corner of town for years. We're watching this one closely as Paradise Valley neighbors ourselves. If you'd like to talk through what the sale could mean for your home's value, The Grandon Group can put together a free home valuation that looks at your street.
