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Newbond Holdings Buys Waterstone Resort & Marina in Boca Raton
Newbond Holdings has acquired the Waterstone Resort & Marina Boca Raton for an undisclosed amount. The 139-key hotel was acquired through an off-market transaction and marks Newbond’s second Florida hotel investment following the firm’s official launch earlier in the year.
The Waterstone Resort & Marina includes a marina and 8,000 square feet of meeting space in addition to views of the Intercoastal and Atlantic.
“The Waterstone checks a lot of boxes for our platform as an opportunity to acquire a waterfront hotel in a supply constrained market where growing corporate demand will complement the already existing strong leisure demand,” said Newbond’s founding partner Vann Avedisian.
In September, a Newbond partnership acquired the Westin Tampa Waterside hotel, a 309-key waterfront property located in downtown Tampa. Newbond also recently announced a $500-million lending platform with Madison Realty Capital that will focus on originating and purchasing hospitality loans in all major US markets.
- ◦Sale/Acquisition
