JLL completes sale of iconic Naples Beach Hotel & Golf Club
MIAMI, November 8, 2021 / PRNewswire / – JLL‘s Hotels and Hospitality Group today announced the closing of the sale of the Naples Beach Hotel & Golf Club, a 125-acre beach resort located in the heart of Old Naples, florida.
JLL represented the Seller, The Watkins Family, and procured the Buyer, a partnership between The Athens Group and MSD Partners, LP
The Naples Beach Hotel & Golf Club, which offers 1,000 feet of direct waterfront, will be redeveloped into the Naples Beach Club, a luxury resort and residential development that will include a 216-room hotel managed by Four Seasons Hotels and Resorts and up to ‘to 185 luxury residences and unparalleled club amenities curated by Discovery Land Company, the developer and operator of world-class private residential club communities. Construction is expected to begin in 2022 and presales have started for the first phase of the residential resort community.
As the first Four Seasons on the Gulf Coast, the resort will offer luxurious accommodations and resort amenities, including indoor and outdoor lounges from the hotel lobby; a beach-side garden with outdoor pools, cabanas, and an event lawn; high-end retail stores; an event ballroom and multiple dining experiences with spectacular views of the Gulf of Mexico. Additionally, guests will have access to Market Square, offering a general store, bar and grill with game room and bowling alley, kids’ club, expansive lawn for activities, and casual dining, including a glacier.
Designed by renowned architectural firm Hart Howerton with interiors by Champalimaud Design, the first phase of the residential part will include 58 beachfront residences, including four beach houses, four penthouses and 12 golf-side residences. The Naples Beach Club will also offer residents and members unparalleled and inspired club amenities such as golf, tennis, a world-class fitness center and spa, hosted by private club developer Discovery Land Company.
The JLL Hotels & Hospitality team representing the vendor was led by the Senior General Manager Gregory Rumpel.
“2021 marked our 75th and final operating season as the Naples Beach Hotel & Golf Club,” said Mike Watkins, President. “Since my grandfather created the resort in 1946, we have made a family tradition of welcoming guests to Naples. We look forward to this next phase of the resort to continue this tradition of hospitality and stewardship within our community. “
The JLL Hotels & Hospitality group has completed more transactions than any other hotel and hotel real estate advisor over the past five years, totaling 83 billion dollars worldwide. The group’s global team of 350 people in more than 20 countries also completed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and advisory services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world. .
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JLL (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. JLL is shaping the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, incredible spaces and sustainable real estate solutions for our clients, employees and communities. JLL is a Fortune 500 company with annual sales of $ 16.6 billion in 2020, operations in more than 80 countries and a global workforce of more than 95,000 at September 30, 2021. JLL is the brand name and registered trademark of Jones Lang LaSalle Incorporated. For more information visit jll.com.
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