Dallas-based Patriot American Hospitality has acquired Carefree Resorts for $210 million. Patriot American owns more than 40 upscale hotels; Phoenix-based Carefree is made up of five exclusive resorts: The Boulders in Carefree, AZ; The Peaks Resort & Spa in Telluride, CO; Carmel Valley Ranch in Carmel, CA; The Lodge at Ventana Canyon in Tucson, AZ, and The Buttes, a Carefree Conference Resort in Tempe, AZ. Under its new ownership the company will continue to develop properties under the ...

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