Aztec Group, Inc. Arranges the $79 Million Sale of Hawk�s Cay Resort in the Florida Keys / February 2007

Hotel Online Special Report

Aztec Group, Inc. Arranges the $79 Million Sale of
Hawk�s Cay Resort in the Florida Keys

Miami, Florida -- Aztec Group, Inc., Florida's leading real estate investment and merchant banking firm based in Miami, is pleased to announce that Aztec has arranged the sale of Hawk�s Cay Resort, located at Mile Marker 61 on Duck Key, Florida.
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. Hawk�s Cay Resort, the largest resort in the Florida Keys, was originally built in 1959 and is located on 59 acres. The property currently features a 177-room hotel, 297 privately-owned guest villas, six food & beverage outlets, a 25,000-square foot convention center, 52-slip full-service marina, dolphin training facility, full-service spa, children�s clubhouse, employee housing, five pools, eight tennis courts, and a saltwater lagoon. Aztec represented Hawk�s Cay Investors, Ltd. in its disposition of the property to NVHG Acquisitions, LLC, an entity controlled by Northview Hotel Group and Behringer Harvard. Northview is planning to invest more than $25 million to renovate and upgrade the resort and its amenities.

�Hawk�s Cay is an irreplaceable property in one of the highest barrier to entry markets in the Nation. Northview�s plan to reposition and brand Hawk�s Cay will enable it to become the premier destination resort in the Florida Keys,� commented Boaz Ashbel, Aztec�s Managing Director who structured the transaction.

The Florida Keys hotel transaction market continues to be strong due to a limited supply of product, constraints on new development, and the emergence of the Florida Keys as a luxury destination. The sale of Hawk�s Cay Resort is among a handful of large-scale Florida Keys resorts purchased by national real estate companies.

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Contact:

Aztec Group, Inc.
Boaz Ashbel, Managing Director
2665 S. Bayshore Drive, PH2A
Coconut Grove, FL 33133
(305) 938-8617
[email protected]
www.aztecgroup.com

Also See:	Aztec Group Arranges the Sale of the Hampton Inn & Suites Ft. Lauderdale - Airport in Hollywood, Florida / May 2006
	Aztec Group Arranges the Sale of the Stirling Suites (Formerly SpringHill Suites � Fort Lauderdale Airport) in Dania Beach, Florida / May 2006
	Aztec Group, Inc. Arranges the $12 Million Sale of the Comfort Inn Airport/Cruise Port South, Hollywood, Florida / February 2006
	Aztec Arranges $20 million for Condo-Hotel Redevelopment Financing for the Breakwater and Edison Condo/Hotels in the Historic Art Deco District of South Beach / October 2005
	Aztec Group, Inc., Arranges $28 million in Sale and Financing of the Doubletree Resort Orlando � Villas at Maingate in Kissimmee, Florida / August 2005
	Aztec Arranges the Historic Sale of World-Famous Fontainebleau Hotel, A Miami Beach Landmark / June 2005
	Aztec Group Places $21 million Bridge Loan on the Breakwater/Edison Hotels on Miami Beach / October 2004

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