Naples Grande Beach Resort is a luxurious hotel located in Naples, Florida. It offers top-notch amenities and services that cater to the needs of its guests.
However, some people are curious about who owns this magnificent resort. In this article, we will delve into the ownership of Naples Grande Beach Resort.
History of Naples Grande Beach Resort
Before we move on to the current ownership of the resort, let’s take a brief look at its history. The property where Naples Grande Beach Resort stands today was originally owned by The Waldorf Astoria Corporation. The company bought the land in 1983 and opened a hotel named Waldorf Astoria Naples in 1986.
The hotel underwent several changes over the years, including a renovation in 2005. In 2010, it was rebranded as Naples Grande Beach Resort after undergoing an extensive $100 million renovation.
Current Ownership
As of now, Naples Grande Beach Resort is owned by Northwood Hospitality. It is a privately-owned company that specializes in acquiring and managing hospitality properties across North America.
Northwood Hospitality bought the resort from Ocean Properties Ltd. (OPL) in 2016 for an undisclosed amount. OPL had owned the property since 2009 before selling it to Northwood Hospitality.
Who is Northwood Hospitality?
Northwood Hospitality is a subsidiary of Northwood Investors LLC, which is a privately-held real estate investment firm based in New York City. The company was founded by John Zuccotti and Nathaniel Zilkha in 2006.
Northwood Hospitality manages a diverse portfolio of luxury hotels and resorts across North America, including properties under renowned brands such as Four Seasons and Ritz-Carlton.
Conclusion
In conclusion, Northwood Hospitality currently owns Naples Grande Beach Resort. The company has an excellent track record of managing luxury properties and is committed to providing exceptional guest experiences. So next time you visit Naples Grande Beach Resort, you can rest assured that it is in good hands.
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