HotelAVE to Oversee Opening of New Banyan Cay Resort & Golf, a Destination By Hyatt hotel in West Palm Beach | State
NEW YORK, September 28, 2021 / PRNewswire-PRWeb / – HotelAVE has been appointed asset manager of Banyan Cay Resort & Golf, the highly anticipated 250-acre golf course and resort located in Palme West Beach which will become the first Destination by Hyatt hotel in Florida and the first full-service Hyatt property in Palm Beach County. Working in tandem with the property’s property groups, Banyan Cay Resort & Golf, LLC and Banyan Cay Investments, as well as with its management company, BENCHMARK®, a global hotel company, hotelAVE will oversee the development project which is expected to open in early 2022. Once opened, Banyan Cay will be the largest redevelopment project in Palme West Beach in two decades.
“We are delighted to be part of this exciting project. The vision of Banyan Cay Resort & Golf comes to life and we are confident it will be one of the best golf resorts in Florida when it opens next year ”, says Michelle russo, CEO of hotelAVE. “We look forward to working alongside the Hyatt and Benchmark teams.”
Located in the center of Palme West Beach, Banyan Cay Resort & Golf is located close to world class shopping and dining in palm beach, as well as popular sports venues, water activities, etc. The resort will feature 150 oversized rooms and suites, 22 three-bedroom villas, two on-site restaurants, a lush spa inspired by Caribbean rituals, as well as flexible event space for receptions and corporate events. Guests will have access to a myriad of amenities, including resort-style pools, six tennis courts, and four pickleball courts. The jewel in the crown for golfers is Jack Nicklaus’ 300th Signature course with 18 holes surrounded by West Palm Beach natural beauty.
Having previously managed and advised over 145 hotels in Florida, hotelAVE is currently engaged as an asset manager in five Florida hotels and 10 other hotel projects will open in 2022 or 2023, which uniquely positions it to take Banyan Cay to the next level. The company uses its proprietary process, RoadMAP ®, which speeds up openings and speeds up stabilization.
HotelAVE continues to develop its portfolio and expand its team of former hotel owners, operators and professional hospitality advisors, who deliver a unique and convenient operating experience of superior value and value. a return above the market for hotel owners. From January 2021, hotelAVE has been involved in over 25% of all North America hotel transactions on $ 25 million sold, whether as an asset manager for the seller, buyer or to perform acquisition due diligence, lender underwriting or other advisory service.
Hotel Asset Value Enhancement (hotelAVE) is the leading independent hotel real estate investment manager providing asset management and advisory services to owners, investors and lenders of hotel assets. The organization has provided services to more than 1,000 hotels; its current asset management portfolio includes more than $ 6.5 billion, 22,000 rooms and more than 30 different hoteliers. In addition, hotelAVE advises you on a 10 billion dollars hotel real estate each year, including acquisition due diligence, underwriting, development, financing, manager selection, franchise agreements, repositioning, renovation, divestitures and lender services. For more information, please visit hotelave.com.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and / or one or more of its affiliates.
About Destination by Hyatt
The Destination by Hyatt brand is a diverse collection of independent hotels, resorts and residences that are individual at heart but connected by a commitment to embody the true spirit of each location. Ranging from high-end to luxury, each property is deliberately designed to be a place of immersive discoveries, authentic design and warm and welcoming service. As an Honored Guest, each Destination by Hyatt hotel connects guests both to people and to place, providing a sense of belonging that invites all to make our destination yours. For more information, visit destinationbyhyatt.com. Follow the Destination by Hyatt brand on Instagram: @destinationhotels, Twitter: @Destination and Facebook: Destination by Hyatt
About the development of Banyan Cay
Banyan Cay Resort & Golf Offers Palme West Beach a new luxury resort and residential experience. With the 300th Jack Nicklaus Signature Golf Course, state-of-the-art golf practice facilities, a Caribbean-inspired clubhouse and an upcoming destination hotel February 2022, members, residents and future guests are guaranteed a refined and relaxing experience. The central location in one of the south florida travel hotspots, offers the best of both worlds – a respite from the crowds while being only a short drive from many Palm Beaches attractions. For more information, visit banyancay.com.
About BENCHMARK®, a global hospitality company.
BENCHMARK®, a global hospitality company, is a leader in the development, management and marketing of independent, soft and experiential branded resorts, hotels and conference centers. In addition to the company’s award-winning comprehensive Benchmark Resorts & Hotels services, luxury lifestyle and gemstone collection, and industry-leading Benchmark conference centers. BENCHMARK is also an investor in etcvenues, one of the leading providers of contemporary downtown venues for meetings, signature events and conferences. Benchmark’s combined portfolio includes more than 80 unique projects on three continents. The company is passionately committed to providing personal, inspiring and memorable experiences, generating total revenue and profitability, and cultivating an award-winning “Be the Difference” culture for all of its employees. Benchmark, is based at Woods (Houston), Texas, with offices in London, England; Miami, Florida; Park City, Utah; Scottsdale, Arizona; New Brunswick, New Jersey; Seattle, Washington; and Tokyo, Japan. http://www.benchmarkglobalhospitality.com To become a fan on Facebook, visit http://www.facebook.com/BenchmarkResortsandHotels, http://www.facebook.com/GemstoneHotelCollection. Follow us on Twitter at http://www.twitter.com/BenchmarkHotels, http://www.twitter.com/GemstoneHotels , on Instagram at http://www.instagram.com/benchmarkresortsandhotels, http://www.instagram.com/gemstonehotels, and on Pinterest at http://www.pinterest.com/benchmarkhotels/gemstone-hotels. On LinkedIn, https://www.linkedin.com/company/benchmark-a-global-hospitality-company/
The forward-looking statements contained in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements may differ materially from those expressed or under – understood by these forward-looking statements. forward-looking statements. In some cases, you can identify forward-looking statements by using words such as “may”, “could”, “expect”, “intend”, “plan”, “seek”, “anticipate”, “Believe”, “estimate”, “predict”, “potential”, “continue”, “probably”, “will”, “will” and variations of these terms and similar expressions, or the negative of such terms or similar expressions . These forward-looking statements are necessarily based on estimates and assumptions which, although considered reasonable by the issuer of this press release, are inherently uncertain. You are cautioned not to place undue reliance on forward-looking statements, which are made only as of the date of this press release. Neither the issuer of this press release nor any other entity associated with it or its subject matter undertakes to publicly update any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If one or more forward-looking statements are updated, no inference should be drawn that further updates will be made to such or other forward-looking statements.
Jessica milton, Benchmark, A Global Hospitality Company, +1 (786) 714-6268, [email protected]