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| Hilton Key Largo Resort, Key Largo, FL |
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| 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.
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| 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
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
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