MIAMI—Two beachfront resort and marina assets in the Florida Keys just traded hands. Both in Islamorada, the Postcard Inn Beach Resort & Marina at Holiday Isle and the La Siesta Resort & Marina sold.
The 12-acre Postcard is located at 84001 Overseas Highway. The 15-acre La Siesta Resort & Marina is located 80241 Overseas Highway. Carlyle Group acquired the assets for an undisclosed amount. CBRE Hotels arranged the sale.
“The significant barriers to entry and double-digit RevPar growth has made the Florida Keys one of the most desirable markets in the country for private investors, private equity firms, REITs and foreign investors,” says Robert M. Taylor, senior vice president of CBRE Hotels. “There was tremendous interest in these assets.”
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