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Hawks Cay loan sells to Related joint venture in $76M deal

October 07, 2011 10:27AM

The loan on the Hawks Cay Resort in the Florida Keys has been sold to a
joint venture between the Related Group and Mast Capital, in conjunction
with Deutsche Bank’s Special Situations Group. The resort
recently underwent a renovation in 2007 and 2008. It has 177 hotel units
and 297 privately-owned villas. Hawks Cay is located in Duck Key and
also includes 10,000 square feet of retail and office space, along with a
7,000-square-foot spa.  — Alexander
Britell