RREAF Holdings announced its partnership with Innisfree Hotels to develop a new $110 million Margaritaville Resort in Galveston, Texas.
The deal totals just over $250 million and is located at 317 East Beach Drive. Once complete, the resort will occupy 300,000 square feet, making it one of the largest developments in eastern Galveston. The property will feature 334 rooms and include a 2.5-acre elevated water park overlooking the beach, four restaurants, ballroom, direct beach access and more. RREAF Holdings has secured all the required approvals from the City of Galveston and will break ground in early 2024.
The resort will feature a wide array of amenities, including pickleball courts, a family-entertainment center with a high-end arcade for all ages, a 350-foot lazy river, an adult pool and signature Margaritaville food-and-beverage offerings.
