Certares, TMGOC Ventures JV acquire The Ray Hotel in Delray Beach, Fla.

A joint venture between Certares and TMGOC Ventures announced that it has acquired The Ray Hotel, a 141-room hotel in Delray Beach, Fla.

The Ray, which opened in September 2021, is an urban retreat located in the heart of Delray Beach's vibrant restaurant, arts and cultural scene. The hotel's three full-service dining outlets include offerings from Michelin Star chef Akira Back and Campi Italian by New York–based Host Restaurants. Other amenities include a rooftop restaurant and bar, a rooftop pool deck, an 1,800-square-foot fitness center and a modern event space. The Ray is situated within a mile of the city's beaches and only a 25-minute drive from the West Palm Beach Airport and downtown West Palm Beach.