Thursday, February 25, 2016

HFF closes sale of Hilton Key Largo Resort hotel in the Florida Keys

Hilton Key Largo Resort, Key Largo, FL
Daniel C. Peek

TAMPA, FL -– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Hilton Key Largo Resort, a 200-room waterfront resort in Key Largo, Florida.

HFF marketed the property on behalf of the seller and completed the sale to KHP Capital Partners.  Davidson Hotel Company will assume management post-closing.

The Hilton Key Largo Resort is situated on a 13.1-acre parcel with 850 feet of Florida Bay frontage in Key Largo, the first and largest of the Florida Keys.

  Located at 97000 South Overseas Highway, the hotel is less than 70 miles from Miami International Airport and near the John Pennekamp State Park, the only living coral reef along the continental United States, and numerous fishing and watersports attractions. 

Max Comess
Consisting of three four-story buildings connected by covered walkways on each floor, the resort features a private beach, 21-slip marina, two outdoor heated pools, two tennis courts and watersports rentals.

 The property also includes approximately 18,000 square feet of indoor and outdoor event space, Treetops Bar & Grille, Splashes Pool Bar and Waves Beach Bar.  

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Daniel C. Peek, managing director Max Comess and associate director Alexandra Lalos.

“Florida hotels are continuing their trend of exceptional performance into 2016,” Peek said.  “Increases in group travel and diminishing seasonality have translated into strong institutional interest for resorts, particularly in extreme barrier-to-entry markets such as the Florida Keys.”

“Key Largo in particular seems to be emerging as a new high-end resort destination in South Florida,” Comess added.  “The same transformation and flight to quality that occurred in Key West and Islamorada in recent years appears to be happening in Key Largo, the closest of the Florida Keys to Miami.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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