(TAN): The Athens Group and MSD Partners have acquired the former Naples Beach Hotel & Golf Club, set on 1,000 feet (300 metres) of white-sand beach in iconic Old Naples, Four Seasons hotel group said in a statement.
Athens and MSD will redevelop the site into the Naples Beach Club, a 125-acre (50 hectare) resort and residential beachfront development offering a one-of-a-kind, luxury lifestyle destination to residents, members, and guests. This coastal community will include a 216-room hotel managed by Four Seasons Hotels and Resorts, up to 185 luxury residences and unparalleled club amenities curated by Discovery Land Company, the developer and operator of world-renowned private residential club communities.
“Our partnership with Four Seasons Hotels and Resorts and Discovery Land Company reinforces our commitment to develop the finest luxury resort on Florida’s Gulf Coast. Naples Beach Club will be a contemporary interpretation of the traditions, style and spirit of Old Naples,” said Kim Richards, president and CEO of The Athens Group.
“We are excited to partner with The Athens Group on the development of this extraordinary property, and we are thrilled to be working with Four Seasons and Discovery Land on what will be a first-time collaboration for this world-class team,” added Barry Sholem, partner and chairman of real estate, MSD Partners.
