The Watkins Family has sold the Naples Beach Hotel & Golf Club, a 125-acre beachfront resort located in the heart of Old Naples, Fla. Selling price was not disclosed, but the new owners are The Athens Group and MSD Partners, LP, in a partnership.
The Naples Beach Hotel & Golf Club, which offers 1,000 feet of direct beachfront, will be redeveloped into the Naples Beach Club, a luxury resort and residential development that will include a 216-room hotel managed by Four Seasons Hotels and Resorts and as many as 185 luxury residences, with club amenities curated by Discovery Land Company, the developer and operator of private-residential-club communities. Construction is scheduled to begin in 2022 and pre-sales have begun for the first phase of the residential-resort community. The first phase of the residential portion will include 58 beachfront residences, including four beach houses, four penthouses, and 12 golf-side residences.
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