The Diplomat Resort is a luxurious hotel located in Hollywood, Florida. It is known for its world-class amenities, stunning ocean views, and exceptional service.
However, have you ever wondered who owns this lavish property? Let’s take a closer look.
History of The Diplomat Resort
The Diplomat Resort was originally built in the late 1950s by Samuel Friedland, a successful businessman who made his fortune in the retail industry. He envisioned a grand resort that would attract tourists from all over the world to South Florida. The hotel quickly became a popular destination for celebrities and politicians alike, including Frank Sinatra and President Lyndon B. Johnson.
In 1998, The Diplomat Resort was acquired by Destination Hotels & Resorts, a leading hospitality management company. They invested millions of dollars into renovations and upgrades to ensure that the property remained one of the top luxury hotels in Florida.
Current Ownership
In 2014, The Diplomat Resort was purchased by Thayer Lodging Group for $460 million. Thayer Lodging Group is a subsidiary of Brookfield Asset Management, one of the largest real estate investment firms in the world.
Brookfield Asset Management has a diverse portfolio that includes office buildings, shopping centers, and residential properties. They are known for their long-term investment strategy and commitment to sustainable development.
Impact on The Diplomat Resort
Since its acquisition by Thayer Lodging Group and Brookfield Asset Management, The Diplomat Resort has continued to thrive as one of the premier luxury hotels in South Florida. They have invested heavily in renovations and upgrades to ensure that the property remains competitive with other high-end resorts in the area.
In addition to upgrading its rooms and amenities, The Diplomat Resort has also made significant strides towards sustainability. They have implemented energy-efficient lighting systems throughout the property and have reduced their water usage by 40% through the installation of low-flow showerheads and toilets.
Conclusion
In conclusion, The Diplomat Resort is currently owned by Thayer Lodging Group, a subsidiary of Brookfield Asset Management. Under their ownership, the property has continued to flourish as one of the top luxury hotels in South Florida. With their commitment to sustainable development and long-term investment strategy, we can expect The Diplomat Resort to remain a prominent fixture in the hospitality industry for years to come.
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