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.
Recent Posts
Russian businessman sells waterfront North Bay Road mansion for $72M
Mast Capital enters West Palm Beach market with branded condo project
Craig Robins, Raycliff land $125M construction loan for Miami Design District office-retail project
Live Local Act sponsor Vicki Lopez heads to runoff in Miami-Dade
El-Ad assembles second Coconut Grove dev site with $62M office building buy
Ken Griffin-linked broker Mario Borda buys out Wynwood condos
Jorge Ramos wins $50M bankruptcy auction bid for Blue Lagoon property
How Florida’s proposed property tax amendment could affect real estate
Javier Cervera’s firm buys $17M shopping center in small-business haven
South Florida’s top deals: Palm Beach home tied to architect John Volk sells for $28M
