Consortium grabs Holiday Isle in Florida for $98 mn

Investcorp and Ceebraid-Signal Corporation have announced the acquisition of Holiday Isle, an existing 151- room hotel and marina complex located on Islamorada in the Florida Keys. The 12.5-acre property, which has been purchased for approximately $98 million, will be redeveloped into a luxury condominium hotel and marina resort. The Holiday Isle property is located on Windley Key in the Village of Islamorada, Florida, approximately 77 miles south of Miami and 83 miles north of Key West.

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The redevelopment will also include ancillary retail, restaurant, bar, lobby, and spa areas, a marina facility, tennis courts, and a resort pool.