Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, announced the expansion of its North America portfolio with the strategic conversion of a resort in Panama City Beach, Fla.
Sheraton Bay Point Resort, which was recently acquired by Bay Point Fund 8, an entity of CAI Investments, will undergo a $30-million renovation and repositioning project before opening in mid-2016 under the continued management of Crescent Hotels & Resorts. This new signing contributes to the brand’s goal of adding 150 new Sheraton properties worldwide by 2020, just one of several initiatives currently under way as part of the Sheraton 2020 plan.
Located within a 1,100-acre wildlife preserve on St. Andrews Bay, Sheraton Bay Point Resort will have a total of 319 guestrooms, including 200 in the main building and 120 golf villas. Renovations will result in a top-to-bottom transformation of all guestrooms and public areas, including the resort’s three restaurants and lounges and its 40,000 square feet of meeting facilities. Sheraton Bay Resort will offer a number of indoor and outdoor options for meetings, as well as a variety of recreation facilities, including a private beach, three outdoor pools, a variety of watersports, two golf courses, a golf and tennis clubhouse and a full-service, luxury spa.
Sheraton Bay Point Resort is minutes from the beaches on the Gulf of Mexico, Gulf World Marine Park, Captain Anderson’s Marina, and the shops, restaurants and bars in Panama City Beach. The resort is also within close proximity of Beaches International Airport (ECP) and Fort Walton Beach Airport (VPS).