News for the Hospitality Executive
|WESTPORT, Conn. - February 23, 2007 - Northview Hotel Group
announced today that it has entered into a joint venture partnership with
Behringer Harvard and Five Star Realty to acquire Hawk’s Cay Resort in
the Florida Keys. Northview will be managing the property and overseeing
a $27 million renovation focused on enhancing the resort’s amenities and
Renovation plans include completely remodeled guest rooms and upgraded two- and three-bedroom villas, a new lobby, new dining options, and a redesigned pool and lagoon area serving as the centerpiece of the resort.
“Following the renovation, Hawk’s Cay will be positioned as a world class resort, appealing to families, couples and upscale groups,” according to Northview Hotel Group Partner Simon Hallgarten. “We are excited to include Hawk’s Cay in our growing portfolio of properties.”
Hawk’s Cay Resort is located on Duck Key Island, approximately 60 miles
north of Key West and 90 miles south of Miami. The resort features 177
guest rooms and 297 privately owned villas, the majority of which participate
in a rental management program. The resort also offers 25,000 square feet
of meeting space and 10,000 square feet of retail and office space.
“The upside potential of this property through its repositioning is exceptional, given the range of possible value-enhancement opportunities,” said Northview Hotel Group partner Mark Mance. “We are looking forward to starting the renovation work this coming summer, and to a completion in early 2008.”
Amenities at Hawk’s Cay include five F&B outlets, a lounge, five swimming pools, a 7,000 square foot spa, a full-service marina, tennis courts and a children’s program. The property offers world-class fishing, snorkeling, parasailing, scuba diving, other watersports, plus “Dolphin Discovery,” a program that provides interactive and educational dolphin experiences for guests. The property has been independently owned and operated for the past 24 years.
Northview Hotel Group, based in Westport, Connecticut and San Francisco, California, is owned by Mark Mance and Simon Hallgarten, and was formed to make opportunistic hotel investments in the U.S. and overseas, and to provide hotel management, asset management, and construction management services for owners and co-investors.
For more information, email firstname.lastname@example.org or visit www.nvhotelgroup.com
About Behringer Harvard
Behringer Harvard is an integrated commercial real estate company investing
in assets domestically and internationally. The company offers strategic
real estate fund opportunities across a wide spectrum of investment styles
for retail investors, as well as domestic and international institutions,
through its real estate investment trusts, partnerships, joint ventures
and proprietary program structures.
Five Star Realty Partners LLC, led by Joe Thomas, is an Atlanta based firm focused on investing in the highest quality real estate in the most valued urban and resort locations nationwide.
Northview Hotel Group
|Also See:||Joint Venture Partners Westbrook Partners and Northview Hotel Group, LLC Spending $25.2 million Converting the Former Wyndham City Center Hotel to the Renaissance M Street Hotel, Washington DC / December 2006|
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