Hollywood Beach Resort is a popular destination for tourists and locals alike. However, many people are curious about who actually owns this iconic property. In this article, we’ll delve into the ownership of Hollywood Beach Resort and shed some light on its history.
History of Hollywood Beach Resort
The Hollywood Beach Resort was first built in 1925 and was originally known as the Hollywood Beach Hotel. Over the years, it has undergone several renovations and expansions to become the sprawling resort that it is today.
Throughout its history, the Hollywood Beach Resort has been owned by a number of different companies and individuals. In the 1950s, it was purchased by a group of investors led by Samuel Friedland. Friedland was a successful businessman who had made his fortune in retail.
Current Ownership
Today, Hollywood Beach Resort is owned by the Orbach Group, a real estate investment firm based in New York City. The Orbach Group purchased the property in 2013 for $30 million.
The Orbach Group is known for its investments in historic properties and has a portfolio that includes several other hotels throughout the United States. They specialize in renovating aging properties to bring them up to modern standards while preserving their historic charm.
The Future of Hollywood Beach Resort
Since purchasing Hollywood Beach Resort, the Orbach Group has invested significantly in renovations and upgrades to improve the guest experience. They have also sought to preserve many of the original features of the hotel that have made it such an iconic destination over the years.
In addition to these improvements, there are plans for further expansion and development at Hollywood Beach Resort. The Orbach Group aims to create an even more luxurious experience for guests while also preserving its historic significance as one of Florida’s most beloved hotels.
Conclusion
In conclusion, while Hollywood Beach Resort has had several owners over its long history, it is currently owned by the Orbach Group. As one of the premier historic properties in Florida, Hollywood Beach Resort is a beloved destination for visitors from around the world. With ongoing renovations and plans for further expansion, it seems that this iconic property will continue to be a popular destination for years to come.