Naples Beach Hotel & Golf Club Sells; Transformation Begins 2022
JLL’s Hotels and Hospitality Group has closed the sale of the Naples Beach Hotel & Golf Club, a 125-acre beachfront resort in the heart of Old Naples, FL. The price was not disclosed.
JLL represented the seller, The Watkins Family, and procured the buyer, a partnership between The Athens Group and MSD Partners, L.P.
The Naples Beach Hotel & Golf Club, which offers 1,000 feet of direct beachfront, 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 185 residences. Construction is due to commence in 2022; the first phase of the residential portion will include 58 beachfront residences, including four beach houses, four penthouses and 12 golf side residences.
Naples Beach Club will offer residents and members golf, tennis, a fitness center, spa and other amenities curated by private-club developer Discovery Land Company.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.