Assignment Overview
RobertDouglas advised Ashford Hospitality Trust on the sale of One Ocean Resort & Spa to a joint venture between Aspect Real Estate, Corner Lot Development, and Sage Investments.
Project Overview
Situated on Florida’s picturesque Atlantic coastline, the 193-key One Ocean Resort & Spa offers guests direct access to pristine beaches, breathtaking ocean views from every guestroom and a high-end spa facility. Thirty minutes east of Downtown Jacksonville in the upscale Atlantic Beach market, the Hotel attracts a diverse range of visitors.
Complementing the Property's irreplaceable beachfront location, the Hotel boasts over 10,000 SF of meeting space, a full-service spa, an outdoor pool overlooking the ocean, and a fine dining restaurant (Azurea).
Deal Highlights
| Client (Seller): Buyer: Sale Proceeds: Key Count: | Ashford Hospitality Trust Aspect Real Estate, Corner Lot Development, and Sage Investments $87.0 million 193 |
