Trinity Real Estate and Credit Suisse have teamed up to purchase the Diplomat Resort & Spa in Hollywood, Florida for $835 million. The luxury resort is situated on a 16-acre oceanfront property and features a total of 1,000 guest rooms and suites.
Location and Amenities
The Diplomat Resort & Spa is located in Hollywood, Florida, on the Atlantic coast, and boasts stunning views of the ocean. In addition to its expansive beachfront location, the resort features numerous amenities for guests to enjoy, including multiple restaurants and bars, a large pool complex, and a full-service spa. The resort also offers ample meeting and event space, making it a popular choice for business and social gatherings.
History and Previous Ownership
The Diplomat Resort & Spa has a rich history, having first opened its doors in 1958. Over the years, the resort has undergone numerous renovations and expansions, becoming one of the premier luxury resorts in South Florida. The property was previously owned by Thayer Lodging Group and was acquired by Trinity Real Estate and Credit Suisse through a joint venture.
Purpose of the Acquisition
The acquisition of the Diplomat Resort & Spa by Trinity Real Estate and Credit Suisse marks a significant investment in South Florida’s hospitality industry. The partners plan to make additional investments to upgrade and enhance the resort’s facilities and services, making it even more attractive to guests. They see great potential for growth in the South Florida market and believe that the Diplomat Resort & Spa is poised for success in the years to come.
Impact on the South Florida Hospitality Industry
The acquisition of the Diplomat Resort & Spa by Trinity Real Estate and Credit Suisse is expected to have a positive impact on the South Florida hospitality industry. The partners’ investments in the resort will bring new jobs to the area, and their plans for upgrading the resort’s facilities and services will help to attract even more visitors to the region. This, in turn, will stimulate economic growth and drive the local tourism industry forward.
The acquisition of the Diplomat Resort & Spa by Trinity Real Estate and Credit Suisse is a significant investment in South Florida’s hospitality industry. The partners’ plans to upgrade and enhance the resort’s facilities and services will make it even more attractive to guests and drive economic growth in the region. With its prime location and extensive range of amenities, the Diplomat Resort & Spa is poised for success in the years to come.
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