“The Florida Keys have been one of the most sought-after markets for investors given its attractive trough-to-peak story, high barrier to entry and its year-round global appeal,” says Taylor. The 90-room Courtyard by Marriot Key Largo overlooks Key Largo Harbor at 99751 Overseas Highway, and includes an outdoor pool, bistro, fitness center.

The 132-room Holiday Inn Key Largo, built in 1972, sits on a 5.5-acre site at 99701 Overseas Highway. It incorporates five buildings with four guestroom buildings, two dining venues, over 3,000 square feet of meeting space and two freshwater pools. The 76-room Marina del Mar was built in 1981 and has been an independent hotel since 1986.

Located at 527 Caribbean Drive, the property incorporates three guest buildings and a free-standing leased restaurant and lounge. It also includes 3,000 square feet of meeting space, an Olympic-sized pool, sun deck, world-class dive shop, gift shop, tennis courts, and a 77-slip marina.

“This type of high-quality branded portfolio will never be replicated in the Florida Keys,” Burwell says. “The high barriers to entry and dominate Marriott branding of the portfolio drove investor interest.”