Sculptor Diversified to pay $835M for historic resort in Florida’s biggest hotel trade this year

Sculptor Diversified Real Estate Income Trust 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. The buyer and seller Barings are expected to close the deal by May 1.  The pending transaction, disclosed in filings with the U.S. Securities and Exchange Commission, would rank among the biggest hotel trades in Southwest Florida, as well as being the top hotel sale in Florida this year so far.  JLL […]This article originally appeared on The Real Deal. Click here to read the full story.