Opal Resort, a luxurious beachfront property located in Clearwater Beach, Florida, has been the talk of the town for quite some time. The resort offers stunning views of the Gulf of Mexico and boasts a wide range of amenities, including a private beach, spa, restaurants, and more.
But who owns this magnificent property? Let’s find out.
History of Opal Resort
Before we dive into the ownership details, let’s take a quick look at the history of Opal Resort. The property was originally known as the Quality Inn Beach Resort and was built in 1973. Over time, it went through several renovations and name changes until 2017 when it was acquired by its current owner.
The Owner
The current owner of Opal Resort is a privately held company called Ocean Properties Hotels Resorts & Affiliates (OPH). OPH is one of the largest hotel management companies in North America with over 100 hotels and resorts under its portfolio.
Who is Ocean Properties Hotels Resorts & Affiliates?
OPH was founded by Tom Walsh in 1964. Since then, it has grown significantly and now manages properties across North America and Europe. The company has a reputation for buying distressed properties and turning them into successful ventures.
Why did OPH acquire Opal Resort?
OPH acquired Opal Resort as part of its strategy to expand its presence in Florida. According to an interview with Tom Walsh in Tampa Bay Times, he saw great potential in Clearwater Beach due to its popularity among tourists.
What does the future hold for Opal Resort?
Since acquiring Opal Resort, OPH has invested heavily in renovating and upgrading the property. In 2019, they completed a $20 million renovation that included adding new rooms and suites as well as upgrading the amenities.
OPH has also announced plans to develop a new hotel adjacent to Opal Resort. The new hotel will feature 140 rooms and is expected to be completed by 2023.
Conclusion
In conclusion, Ocean Properties Hotels Resorts & Affiliates is the current owner of Opal Resort. The company is known for its expertise in managing hotels and resorts and has big plans for the future of Opal Resort. With its prime location in Clearwater Beach and world-class amenities, Opal Resort is poised to become one of the top luxury destinations in Florida.