Sawgrass Marriott Purchase Price Disclosed – $122M

Carey Watermark, a division of WP Carey in New York, bought the resort in October at an undisclosed price that has now been disclose as $122M according to deeds in St. Johns County and an article from Mark Basch of The JAX Daily Record.  Carey Watermark plans a $25M additional investment in enhancements at the resort, after the previous owners, Goldman Sachs just spent a reported $20.3M earlier this year.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on November 15, 2014, in Hotel-Restaurant-Tourism, JAX Daily Record, Transactions and tagged , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: