KSL Capital Partners, LLC (KSL) announced that an affiliate of KSL has acquired the Margaritaville Hollywood Beach Resort, the oceanfront resort and entertainment destination located on the Hollywood Beach Broadwalk in Hollywood, Florida.
The 349 guest room and suite flagship property for the Margaritaville brand offers an abundance of live entertainment in an oceanfront setting and features eight diverse restaurant and bar concepts, a full-service spa and three pools providing the ideal venue for guests to kick back and enjoy the unmistakable Jimmy Buffett state of mind that embodies Margaritaville. Davidson Hotels & Resorts has worked side-by-side with KSL through the acquisition process and has been named manager of the resort.
"We have confidence that Davidson's team culture, brand knowledge and unmatched support services are the key ingredients to driving investment value and improving operational performance," said Bernard Siegel, a partner at KSL. "Further, we are thrilled to be in business with Margaritaville, a true lifestyle hospitality brand, delivering an authentic and unique resort experience.
"The Margaritaville Hollywood Beach Resort is a tremendous opportunity to continue leveraging our expertise in brand building and resort operations," said Davidson's chief executive officer John Belden. "This will be our 4th destination resort in Florida, joining the iconic Don CeSar and Beach House Suites by The Don CeSar in St. Pete Beach and the naturally luxurious Baker's Cay Resort in Key Largo, set to open later this year."
With its proximity to international airports and one of the largest cruise ports in the world, and located between Miami and Fort Lauderdale, Margaritaville Hollywood Beach Resort perfectly captures the charm and quaintness of Hollywood Beach. Influenced by the colors of the sea, sand and sky, all of the resort's guest rooms and suites blend coastal casual design and luxurious comfort and open to a private balcony overlooking waterfront views. Whether seeking relaxation by the pool, adventures in the ocean, exceptional dining or the perfect meeting or catered event, this paradise has something for everyone, with eight venues including Jimmy Buffett's Margaritaville, LandShark Bar & Grill and the Five o' Clock Somewhere Bar & Grill, each providing guests with the "license to chill" unlike any other place in the world.
"We are excited to welcome both a best-in class sponsor like KSL and a proven operator like Davidson Hotels & Resorts to our flagship resort," said John Cohlan, chief executive officer of Margaritaville. "Together we look forward to continue to provide a unique vacation 'state of mind' experience for all our guests."
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