Sandpearl Resort is a luxurious beachfront resort located in Clearwater Beach, Florida. It is known for its stunning views, exceptional service, and top-notch amenities.
However, many people are curious about the ownership of this world-class resort. In this article, we will explore who owns Sandpearl Resort and their story.
History of Sandpearl Resort
Sandpearl Resort was built in 2007 on the site of the former Clearwater Beach Hotel, which was demolished in 1975 due to disrepair. The resort was developed by JMC Communities, a real estate development company based in St. Petersburg, Florida. JMC Communities is known for building high-end residential communities and luxury resorts throughout Florida.
Current Ownership of Sandpearl Resort
Today, Sandpearl Resort is owned by Carey Watermark Investors (CWI) and the Hunter Hotel Investment Conference. CWI is a New York-based real estate investment trust (REIT) that specializes in hospitality properties. CWI acquired Sandpearl Resort in 2010 for $79 million from Opus South Corporation, which had been developing the property prior to its bankruptcy.
The Hunter Hotel Investment Conference is an industry conference that focuses on hotel investment and development. In 2015, they partnered with CWI to acquire Sandpearl Resort as part of their investment portfolio.
The Management of Sandpearl Resort
The day-to-day management of Sandpearl Resort is handled by Marriott International’s Autograph Collection Hotels division. Autograph Collection Hotels is a collection of independent hotels that are affiliated with Marriott International but maintain their own unique brand identity and style.
The Legacy of Sandpearl Resort
Since its opening in 2007, Sandpearl Resort has been recognized as one of the top hotels in Florida by various industry publications such as Condé Nast Traveler and Travel + Leisure. The resort has also been recognized for its commitment to sustainability, earning LEED Silver certification from the U.S. Green Building Council.
In addition to its luxurious amenities and stunning location, Sandpearl Resort is known for its commitment to the local community. The resort partners with various organizations such as Clearwater Marine Aquarium and the Clearwater Jazz Holiday to support local initiatives and events.
Conclusion
In conclusion, Sandpearl Resort is owned by Carey Watermark Investors and the Hunter Hotel Investment Conference, with day-to-day management handled by Marriott International’s Autograph Collection Hotels division. The resort has a rich history and is known for its exceptional service, commitment to sustainability, and dedication to supporting the local community. Whether you are a guest at the resort or simply admiring it from afar, there is no denying that Sandpearl Resort is a true gem of Florida’s Gulf Coast.