Thayer buys Westin Diplomat in Hollywood, Fla., affiliates it with Hilton's Curio collection

The Westin Diplomat Hotel & Spa in Hollywood, Fla., recently changed hands. According to Globe St., the 998-room property was purchased by Thayer Lodging Group for $460 million. The company also acquired a nearby 18-hole golf course for $20 million, as well as a few parcels of land next to the resort for $55.5 million, paying a total of $535.5 million to Diplomat Companies Limited Partner in the deal.

As the new owner of the Diplomat, Thayer's first order of business is to drop the hotel's Westin affiliation. According to the Miami Herald, the hotel, which will be renamed the Diplomat Resort & Spa, will join Hilton's Curio collection in October. This is the latest addition to Hilton's collection of independent properties, following the Hotel Palomar in Dallas, which was also bought by Thayer in early August for an unspecified amount. 

The SunSentinel reported that Thayer's investment in the hotel did not end with its purchase, and the group plans to begin a $100-million update of the property, which will take place later this year. The hotel originally opened in 1959.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

"Thayer looks forward to making a significant contribution to the ongoing transformation of the Hollywood Beach area with the 'new' Diplomat Resort & Spa," co-chairman Lee Pillsbury told the SunSentinel.

According to Local 10, the hotel will remain open during the transition and updates. All existing reservations with the property will be honored.

"We are pleased to have a property of this stature join the Curio Collection," Dianna Vaughan, global head of Curio – A Collection by Hilton, told Local 10. "The Diplomat Resort & Spa was launched as an exciting addition to South Florida’s history more than 50 years ago, and today illustrates the diversity of our brand as well as our commitment to providing our guests with remarkable and intriguing experiences."