JV acquires Naples, FL, property; redevelopment to include the Four Seasons complex
The Athens group and MSD Partners LP have acquired the former Naples Beach Hotel & Golf Club, located on 1,000 feet of white sand beach in old Naples, Florida. Athens and MSD will redevelop the site into the Naples Beach Club, a 125-acre resort and beachfront residential development. The special coastal community will include a 216-room hotel managed by Four Seasons Hotels and Resorts, up to 185 luxury residences. and club amenities organized by Discovery Land Company, the developer and operator of private residential club communities.
“Our partnership with Four Seasons Hotels and Resorts and Discovery Land Company reinforces our commitment to develop the finest luxury resort on the Gulf Coast of Florida,” said Kim Richards, President and CEO of The Athens Group. “The Naples Beach Club will be a contemporary interpretation of the traditions, style and spirit of old Naples.”
Barry Sholem, Partner / President, Real Estate, MSD Partners, said: “We are delighted to partner with The Athens Group in the development of this extraordinary property, and we are delighted to be working with Four Seasons and Discovery Land on what will be a first collaboration for this world-class team.
The 216-room Four Seasons resort will feature guest rooms and suites with verandas, walk-in closets, and five-device bathrooms. Facilities will include a beach-side garden with outdoor pools, cabanas and a lawn for events; high-end retail stores; an event ballroom; and multiple dining experiences with spectacular views of the Gulf of Mexico. Additionally, Market Square, located near the golf course, will be a gathering place for the Naples Beach Club community, offering a general store; a bar-grill with a games room and a bowling alley; a kids’ club, casual dining, including an ice cream lodge; and a large lawn.
“The incredible Naples Beach Club marks Four Seasons’ debut on the Florida Gulf Coast, complementing our existing portfolio of luxury properties throughout the state,” said John Davison, president / CEO of Four Seasons Hotels and Resorts. “We are proud to be a partner in this exceptional project, bringing the vision of MSD and Athens to life by setting a new luxury standard in Naples and delivering the personalized service and quality excellence of our brand to this beloved seaside community. “
Coburn Packard, Partner / Real Estate Manager, MSD Partners, said: “The Naples Beach Club represents a natural extension of our portfolio of luxury hotels and resorts, including our Four Seasons properties in Wailea and Hualalai. [in Hawaii], the Fairmont Miramar in Santa Monica, California, and the Boca Raton [in Florida]. We are delighted to partner with Athens, Four Seasons and Discovery Land on this iconic development. “
The start of work is scheduled for 2022.