MIAMI—Hawks Cay Resort, the largest destination resort in the Florida Keys, has a new owner. Carey Watermark Investors acquired the hotel property for $133.8 million.
Located on Duck Key, about 100 miles south of Miami and 60 miles northeast of Key West, Hawks Cay includes 177 hotel rooms. The resort also offers a residential management program that includes more than 250 two-three-and four-bedroom villas.
“Given the limited number of existing resorts and restrictions on new development, the Florida Keys is one of the strongest lodging markets in the country,” says Michael Medzigian, CEO of Carey. “Our acquisition of Hawks Cay is consistent with our strategy of applying our lodging investment and asset management disciplines to exceptional properties.”
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