Phoenix-based firm to redevelop and acquire Naples hotel and golf course

The Athens Group made a deal to redevelop the Naples Beach Resort & Golf Club and to acquire the resort from the family that has run it for more than 70 years

Miami /
Mar.March 10, 2018 03:00 PM

Naples Beach Hotel & Golf Club (Credit: PGA)

A Phoenix-based group agreed to redevelop and acquire the family-owned Naples Beach Hotel & Golf Club, a 125-acre landmark in Naples.

The Watkins family will continue to operate the hotel and golf club as it works with Phoenix-based Athens Group on the redevelopment until 2021, after which Athens Group would acquire the property.

While details of the redevelopment are still being determined, the project will include adding residences to the property at 851 Gulf Shore Boulevard in Naples along the Gulf of Mexico.

The Watkins family has owned and operated the Naples Beach Hotel & Golf Club, the oldest resort in Naples, for more than 70 years.

Naples Mayor Bill Barnett hailed the planned redevelopment, which will preserve the resort’s golf course, allaying concerns among some Naples residents that apartments would replace the 18-hole course.

Opened in 1929, it is the oldest 18-hole golf course in Naples. Golfing legend Jack Nicklaus and course architect John Sanford redesigned it in 2016. [Naples Daily News] – Mike Seemuth


Related Articles

arrow_forward_ios
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
Grant Cardone and a rendering of LAs Olas Walk (Cardone Capital, ZOM/McNeal Realty)
Grant Cardone to buy $750M in SoFla apartments
Grant Cardone to buy $750M in SoFla apartments
The current building on Dania Beach (Google Maps)
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...