Hospitality Ventures Management Group, an Atlanta-based, private hotel management and investment company, assumed management of the 219-room Fort Lauderdale Marriott Pompano Beach Resort & Spa in Pompano Beach, Fla. The property recently was acquired by Key International, an international real estate development and investment firm, and Wexford Real Estate Investors.
“The Fort Lauderdale Marriott Pompano Beach Resort & Spa fits nicely with our strategic plan, which includes partnering with best-in-class owners and investors who share the same vision we have for our industry and working with the type of properties that should outperform now and into the foreseeable future,” said Robert Cole, president and CEO of HVMG. “With the addition of our two Marriott-branded Orlando hotels earlier this month, our Florida portfolio currently sits at 10 hotels. This also marks our seventh resort property, a growing segment for our company. Our pipeline remains active, and we look forward to riding this momentum into the new year.”
Resort amenities include two swimming pools and a fitness center, as well as 8,200 square feet of event space. Guests are invited to dine at AND Fish Kitchen + Bar, which provides fresh, sustainable seafood, or Patio 1200, which offers patio dining and bar service. The resort also houses a day spa that offers a variety of massage and wellness packages.
The new owners are planning a major renovation to the resort, creating a new resort-style pool deck and upgrading the room product as well as the on-site restaurant. Together, Key International and WREI have developed multiple beachfront hotel and resort properties in Florida with current assets in Panama City Beach, Jacksonville and Fort Lauderdale Beach.