ocean properties
Zota Beach Resort Joins Ocean Properties’ OPAL Collection and Undergoing Renovation and Expansion
Opal Collection | June 22, 2017
LONGBOAT KEY, Fla. (June 22, 2017) – Situated along the powder soft beaches and turquoise waters of unspoiled Longboat Key, is Florida's latest, beachfront luxury, boutique resort experience, Zota Beach Resort. Opening June 23, 2017, the contemporary designed, 187-room resort is being established with spectacular water and wood features throughout the artistic resort with modern architectural touches and a distinctive culinary and lounge offering. Breathtakingly modern, Zota Beach Resort's contemporary design is a welcomed change from the prevailing Hilton. The resort is undergoing a complete repositioning and renovation, includin...
Ocean Properties and Margaritaville Holdings to Convert Westin Resort and Marina to Margaritaville Key West Resort and Marina
Margaritaville | January 10, 2017
Key West – January 10, 2017 – Ocean Properties Ltd. & Affiliates and Margaritaville Holdings, LLC today announced that the Westin Resort and Marina located at 245 Front Street in the iconic U.S. paradise, Key West, will be rebranded as Margaritaville Key West Resort and Marina. The prestigious AAA Four Diamond waterfront resort will begin operating under the Margaritaville flag later this month. The Margaritaville brand management team will provide support to the existing management team and employees throughout the conversion. The downtown waterfront resort features oversized rooms and suites and is ideally located one ...
Ocean Properties Opens New Treasure Island Beach Resort with General Manager Nasser Wehbe at the Helm
Ocean Properties | March 28, 2016
TREASURE ISLAND, Fla. (March 28, 2016) – Nestled among the three-miles of wide, white sandy beach of Treasure Island, Fla., is the newest luxury, boutique resort to grace Florida's Gulf Coast, Treasure Island Beach Resort. Just opened in Treasure Island -- a classic, Old Florida beach town -- is the new, art-deco-inspired, 77 all-suites resort encompassing casual, beachfront elegance with a seamless coastal design, modern amenities and breathtaking floor-to-ceiling ocean views of the Gulf of Mexico. "In addition to creating an aesthetic that is inviting and clean, while accommodating both families and couples alike, our emphasis i...
Ocean Properties Set to Open New Opal Sands Resort in Clearwater Beach, Florida
Opal Sands Resort | February 11, 2016
CLEARWATER BEACH, Fla., Feb. 11, 2016 -- Opal Sands Resort, the newest property under Ocean Properties Ltd. & Affiliates, is set to open in February 2016 in Clearwater Beach, setting the bar for luxury beachfront accommodations in Florida's No. 1 Best Beach Town, as named by USA Today. Inspired by the powdery white sands and lively atmosphere, the highly anticipated resort brings upscale accommodations with a contemporary feel to Florida's Gulf Coast. The curvature of the property, designed by Design Duncan Miller Ullmann, gives every room a clear view of the stunning gulf sunsets. All 230 guest rooms and suites offer specta...
General Manager Kenzie P. Maloney Set to Open Residence Inn Bath Brunswick in Maine
Residence Inn by Marriott | December 1, 2015
Bath, Maine - December 1, 2015 - The 86-suite Residence Inn by Marriott in Bath, Maine is scheduled to open this Friday. Located at 139 Richardson Street, the all-suite Residence Inn Bath Brunswick will operate as a Marriott franchise, owned by Bathres, LLC and managed by Ocean Properties, Ltd. of Portsmouth, New Hampshire. The hotel is located within walking distance to beautiful downtown Bath, complete with 19th century brick buildings, tree-lined avenues, waterfront parks and numerous shops and restaurants. Residence Inn Bath Brunswick offers its guests convenient access to the Maine Maritime Museum and Bath Iron Works where guests c...
Ocean Properties Set to Open the 124-suite Residence Inn by Marriott in Bangor, Maine
Residence Inn by Marriott | September 1, 2015
David L'Heureux is at the helm as General Manager Bangor, Maine - September 1, 2015 - The 124-suite Residence Inn by Marriott in Bangor, Maine is scheduled to open on Saturday, September 5, 2015 and will feature the brand's innovative, new design. Located at 22 Bass Park Boulevard, the all-suite Residence Inn Bangor will operate as a Marriott franchise, owned and managed by Ocean Properties, Ltd. of Portsmouth, New Hampshire. Located next to the Cross Insurance Center, just minutes from Bangor's waterfront and four miles from Bangor International Airport, the Residence Inn Bangor offers guests convenient access to the Waterfront Concert...
DiamondRock Acquires Sheraton Suites Key West Hotel For $94 Million
DiamondRock Hospitality Company | July 15, 2015
BETHESDA, Md., July 15, 2015 -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced that it recently acquired the fee simple interest in the 184-suite Sheraton Suites Key West ("Hotel") in Key West, Florida, for $94.0 million (or $511,000 per guest room). The purchase price represents a 12.8 multiple on forecasted 2015 Hotel earnings before interest, taxes, depreciation and amortization ("EBITDA") of $7.3 million and a 7.1% capitalization rate on the Hotel's 2015 forecasted net operating income. "We are very excited about our acquisition of this all-suites hotel, which represents our second acquisition in the high...
Ocean Properties Switch to Ripe’s Cold-Pressed Bar Juice Leads to Increased Profits
January 5, 2015
Customer Satisfaction Soars! "Approximately one-fifth (21 percent) of consumers today say that beverages play a very important role in deciding which restaurants to visit for meals. Consumer demand...will lead to even more innovation in terms of beverage type and flavor, and an increasing focus on health and natural ingredients will inspire drink development." -Technomic, 9/10/2014 "What's Hot Alcohol" 2013 Bartender Survey: #3 culinary cocktails with fresh ingredients -National Restaurant Association The Challenge: Ocean Properties, one of the largest privately held hotel development and management companies in North America ...
