Sculptor Diversified JV to pay $835M for historic resort in Florida’s biggest hotel trade this year
Sculptor Diversified Real Estate Income Trust, in partnership with Trinity Investments, is scooping up a Southwest Florida trophy hotel for $835 million. New York-based Sculptor Diversified, led by Steven Orbuch, is under contract to purchase the JW Marriott Marco Island Beach Resort and its two Naples golf courses, the Naples Daily News reported. Miami-based Trinity, led by Sean Hehir, is also investing with Sculptor, and will leverage its long-standing relationship with Marriott International as part of the property’s continued operation under the JW Marriott brand, a source familiar with transaction said. The buyers and seller Barings are expected to close […]This article originally appeared on The Real Deal. Click here to read the full story.
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