RREAF Holdings and Innisfree Hotels have acquired two boutique hotels in Amelia Island, Fla., on Fernandina Beach.
The properties — Ocean Coast Hotel and Amelia Hotel — are situated in one of America's leading drive-to destination markets, which saw more than 1.3 million visitors in 2021.
The portfolio has 225 keys, and the properties sit adjacent to each other. The hotels are ideally located across the street from one of Florida's iconic beaches and a few miles from Fernandina's Historic Downtown. This market is well positioned to capture the pent-up travel demand of millions of Americans who live within a one-day drive of the Atlantic coast. Amelia Hotel is located at 1997 Fletcher Ave., and Ocean Coast Hotel is located at 2707 Sadler Rd.
“In the past year, we have more than doubled our hotel portfolio in our drive-to leisure division, increasing our beachfront hotel properties to nine with more than 1,100 rooms. We will continue to expand the hospitali
