Purchased by Southstreet Partners in 2022, Naples Grande Beach Resort offers an assortment of accommodations and amenities in the sought-after Naples area.
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Henderson Park, based in the United Kingdom with a stateside office in Radnor, Pennsylvania, paid $218.4 million for the Naples Grande Hotel, plus $24.8 million for its 18-hole golf course and $4.8 million for the 15-court tennis center, according to the property deeds filed last week in Collier County.
Announce Acquisition of Naples Beach Hotel & Golf Club and its Redevelopment as the Naples Beach Club, a Resort and Residential Community in Iconic Old Naples.
The Naples Beach Club's sale price of $362 million is public record. The exact price of $362,289,599 was recorded in Collier County, where the iconic property changed hands Thursday.
The Athens Group and MSD Partners acquired the nearly 125-acre Gulf-front property in Naples for redevelopment of the Naples Beach Club with a 216-room hotel and resort managed by Four Seasons, up to 185 luxury residences and upscale club amenities.
Key takeaway: Work on the Naples Beach Club is moving along with the hotel property under construction and approvals from the city pending. Core challenge: While the hotel could open as soon as 2025, a lot of work remains to be done, including the construction of several major pieces of the redevelopment.
The old hotel has been demolished and construction on a new beachside Four Seasons Hotel has begun. The new hotel will include 216 rooms, about 100 less than the previous hotel. It will be the first Four Seasons resort on Florida's Gulf Coast.