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Ascent at the Phoenician® Breaks Ground On Mountainside Residences

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SCOTTSDALE, ARIZONA – (April 29, 2022) – Ascent at The Phoenician® has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain.
Overlooking The Phoenician® Golf Course and located adjacent to The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizona, the private, gated community of Ascent at The Phoenician® has become Arizona’s most coveted new luxury real estate offering.

Ascent has sold 36 of the 40 Mountainside Residences, representing more than $80 million in sales, with construction completion anticipated for early 2024. Ascent’s Mountainside Residences is an intimate building of
40 luxury condominiums. Prices for the remaining residences range from $4.1 million up to $4.85 million.

“Construction and sales at Ascent at The Phoenician® have been very strong. Every corner of the site has activity on it now and it has been great to share with prospective owners what we are building. We also recently
opened our on-site Ascent Sales Center, which has seen steady traffic and provides a front row seat to the various condominium projects within the community,” said Chandra Reilly, Replay Destinations’ Executive Vice President of Design and Development. With unprecedented pre-construction sales and start of construction of the Mountainside Residences, Replay is accelerating its next phase of development and is now unveiling the Camelback Residences. The Camelback Residences will be located in the heart of the Ascent community with a total of 60 luxury residences in two
adjacent buildings. Named for its panoramic views of iconic Camelback Mountain, the initial release of 32 residences will consist of one bedroom plus den, two bedroom, two bedroom plus den and three bedroom plus
den plans. The residences will feature seamless indoor-outdoor living, floor-to-ceiling glass to optimize views and natural light, Sub Zero and Wolf appliances, and spa-inspired bathrooms. The buildings will offer dramatic
views of city lights, and each will have access to a rooftop terrace with 360-degree views of Camelback Mountain and the surrounding mountain ranges, where residents can lounge with a glass of wine and enjoy the
fire tables and activity lawn. Prices are expected to range from $1.5 million to $4+ million. Interested buyers can now register for early selection and preferred pricing when purchase contracts are written this fall.

“We are thrilled to begin construction on the Mountainside Residences and are very pleased with how well our unique desert homes have been received by the market. Ascent at The Phoenician® has completed over $200 million in sales in a short amount of time,” said Paul Jorgensen, Replay Destinations’ President and Chief Executive Officer. “Potential buyers who loved our Mountainside Residences, but may have missed out on a specific residence, can now learn more about the upcoming Camelback Residences. With an initial limited release of 32 residences, the Camelback Residences will offer the extraordinary indoor-outdoor living, and the luxurious, refined interior aesthetic we are known for.”

Replay Destinations has engaged the same design team for the Camelback Residences as they utilized for the Mountainside Residences and sold-out Golf Villas. Ascent refers to the team as the “Best of the Best” of the
Valley’s internationally recognized talent: Nelsen Partners, an architecture and planning firm founded in 1990; Vallone Design, a leading, full-service interior design firm specializing in exquisite residential and commercial
interior design; Floor Associates, a landscape architecture and planning firm; bulthaup Scottsdale, a globally recognized company producing premium kitchens custom-made in Germany; and luxury fittings brand
Waterworks which partners with exceptional properties around the world.

These exclusive condominium residences will enjoy a prime location near the Mountain Club, a private club for owners at Ascent. Programs, amenities and private events at the Club will celebrate the iconic Camelback Mountain and includes a private pool, fitness and movement rooms, social spaces and demonstration kitchen for
cooking classes and private chef experiences. Architecturally designed as a modern interpretation of the historic Jokake Inn, the Mountain Club will be an intimate gathering place for connection, wellness, celebration and
relaxation. Ascent at The Phoenician® residents will have the opportunity to join the Phoenician® Amenity Access Program that provides Ascent real estate owners with access to resort amenities, including the pools and fitness facility and preferred pricing for spa, food and beverage, and other services. Ascent has attracted a significant number of buyers from the local Phoenix and Scottsdale area and from various states such as California, Illinois, Wyoming and Washington. Joe Bushong and Leslie Jenkins of Russ Lyon Sotheby’s International Realty are the listing agents for Ascent at
The Phoenician®. For more information on the remaining Mountainside Residences or to register for updates, including Early Registration for the first release of the Camelback Condominium Residences, visit
ascentatthephoenician.com or call 480-534-4086.

About Replay Destinations
Ascent at The Phoenician® is being developed by Replay Destinations. With more than $2 billion of real estate projects in planning and development, Canadian-based Replay has properties in some of the world’s most sought-after settings. Replay Destinations is a fully integrated real estate development company headquartered in Vancouver, Canada, specializing in the destination home sector. With operations in the continental United States, Hawaii, Mexico, and the Caribbean, Replay’s team of strategists, planners, designers, marketers and builders create authentic and enduring places that become must-visit destinations for guests and potential real estate purchasers alike. Working with visionary private equity firms, landowners, municipalities, other developers and families with legacy holdings, Replay creates places that the marketplace thinks of first and likes best, which in turn enhances the destination’s economic impact and market awareness. Replay’s outlook is global, long term and broad-based, and is supported by strong, goal-oriented, time- and budget-sensitive business practices. Replay was founded in 2007. Visit www.replaydestinations.com for more information.

Current Projects
In addition to Ascent at The Phoenician®, Replay’s current development projects include: Half Moon Bay Antigua, an ultra-luxury destination that includes a Rosewood hotel, estate lots and branded residences; Ka‘upulehu in Hawaii, a private residential community on the Kohala Coast; Lift Park City, prime ski-in, skiout residences at the base of the largest ski destination in the United States; Mill District Healdsburg, a mixeduse development in the heart of Sonoma wine country that includes a boutique hotel, retail and luxury condominiums; One Ocean Bahamas, a luxury condominium high rise community overlooking Nassau Harbour; and YOTELPAD Park City, a new concept in condominium living at the base of Park City Mountain in Utah.

Media Contact
Michelle McGinty, DRA Collective
Tel: (310) 704-7834
michelle@dracollective.com

6390 E. Phoenician Blvd. Scottsdale, AZ 85251

Offered by Russ Lyon Sotheby’s International Realty (AZ DRE # LC646682009). The residential project described herein (the “Residential Project”) and the residential units within the Residential Project (the “Residential Units”) are not owned, developed, or sold by Host Camelback I LLC or its affiliates, and Host Camelback I LLC does not make any representations, warranties or guaranties whatsoever with respect to the Residential Units, the Residential Project or any part thereof. PHCN LandCo LLC uses the Phoenician® brand name and certain Phoenician® trademarks (collectively, the “Trademarks”) in connection with the sales and marketing of the Residential Units in the Residential Project under a limited, non-exclusive license from Host Camelback I LLC. The foregoing license may be terminated or may expire without renewal, in which case neither the Residential Units nor the Residential Project will be identified as a Phoenician® branded project or have any rights to use the Trademarks. All renderings contained herein are merely intended for illustration purposes and not as a representation, warranty or guaranty of size, layout, finishes, views, or any other characteristics of the improvements or natural features depicted. Developer reserves the right to make any modifications, additions or withdrawals to any and all descriptions or depictions or any other materials pertaining to the Project, without prior notice. THE IMPROVEMENTS DESCRIBED OR DEPICTED HEREIN (INCLUDING, WITHOUT LIMITATION, ENTRY FEATURES, LANDSCAPING IMPROVEMENTS, AMENITIES, BUILDINGS, HARDSCAPE, FENCING OR WALLS OR THE LACK THEREOF), ARE PROPOSED ONLY AND NO WARRANTY IS GIVEN OR IMPLIED THAT THE IMPROVEMENTS WILL BE COMMENCED OR COMPLETED. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING AND SHALL NOT BE DEEMED TO BE REPRESENTATIONS OR WARRANTIES OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS THAT ARE REQUIRED BY ARIZONA REVISED STATUTES, 32-2181, et seq,. TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. This is not an offer of real estate for sale or solicitation of an offer to buy, to residents of any state, province or other jurisdiction where the Project is not registered in accordance with applicable law or where such offering or solicitation would otherwise be prohibited by law. Void where prohibited. No sales will occur until permitted by the Arizona Department of Real Estate. All sales are conditioned upon the issuance by the Arizona Department of Real Estate and buyers’ receipt and acceptance of a Disclosure Report for the Project (or applicable portions thereof). Only lot reservations will be accepted by Developer, and only as permitted by the Arizona Department of Real Estate, until the Disclosure Report for the development has been issued; provided, that Developer is under no obligation to accept lot reservations. Developer is committed to the letter and spirit of the policy for the achievement of equal housing opportunity.