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| LaPlaya Beach Resort, Naples, FL |
MIAMI, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $185.5 million sale of
the LaPlaya Beach Resort, a 189-key,
luxury boutique resort located on the Gulf of Mexico in Naples, Florida.
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| Daniel C. Peek |
HFF marketed
the property on behalf of the seller, a partnership between affiliates of
Halstatt and Noble House Hotels & Resorts, Ltd.
Pebblebrook Hotel Trust purchased the
offering free and clear of debt and announced that LaPlaya will continue to be
managed by Noble House Hotels & Resorts under a new operating agreement.
LaPlaya
underwent a transformative renovation and expansion in 2002 resulting in an
exclusive luxury boutique experience spread across three waterfront buildings
set on six acres along Naples’ famed Vanderbilt Beach.
Decorated
with awards from Condé Nast Traveler, Wine Spectator and Travel + Leisure, the
resort caters to an upscale clientele from around the world.
In addition to the 600 feet of beach frontage
on the Gulf of Mexico, the resort features the BALEEN Restaurant, a
4,500-square-foot day spa, 8,000 square feet of indoor meeting space, two
resort-style swimming pools, a 23-slip marina and the La Playa Beach Club, a prestigious private-membership club that
generates income from membership sales, annual dues and ancillary revenue from
club members throughout the property.
 |
| Max Comess |
LaPlaya’s 18-hole golf club will continue to
serve LaPlaya’s guests and members; however, it was not included in the sale.
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, director Chris Drew and
real estate analysts Alexandra Lalos
and Maxx Carney.
“The
purchase and sale of LaPlaya is significant and underlines the continued strong
recovery of the resort sector nationwide and the broad institutional appeal of
this segment,” Peek said.
“There has
never been greater demand for this asset class in the global real estate
capital markets than today.”
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
Twitter at
@PebblebrookPEB.
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