Iconic Hollywood, FL Resort Sets Record for Third Largest Single-Asset Hotel Sale in US History
Hollywood, FL (May 3, 2023) – The award-winning Diplomat Beach Resort, located at 3555 S Ocean Drive has announced its record-breaking property sale from Brookfield Properties to Trinity Fund Advisors LLC for $835 million dollars.
Effective immediately, Trinity Fund Advisors LLC also announced the signing of a 40-year management agreement with Hilton Hotels and Resorts, to oversee the Resort’s operation under the Curio Collection by the Hilton brand. As owners of other prestigious hospitality destinations not limited to the Hilton Los Cabos Beach & Golf Resort, Grande Lakes Orlando Resort, JW Marriott, and Ritz-Carlton Orlando, Trinity’s decision to tap Hilton for long-term property management was made with ease considering that Hilton’s continual rankings within the Top 10 best places to work in the US, additionally standing as the 2nd best workplace globally according to Fortune Magazine.
The Diplomat’s sale transaction is the third largest single-asset hotel/resort sale in United States history, serving as a strong statement regarding the durability and economic muscle of South Florida. Post-Covid, the South Florida lodging industry has seen a tremendous recovery, making it one of the best-performing hotel/resort markets in the country.
The Diplomat Beach Resort is ideally located between the two most significant airports in South Florida, Fort Lauderdale/Hollywood International Airport (10 minutes), and Miami International Airport (30 minutes), affording the Resort unparalleled access to guests from major markets throughout the United States, Latin America, and Europe. Known for its extensive offerings, The Diplomat holds multiple award-winning recognitions and accolades, including being awarded 2022 Top Beachfront Resort in the US by the World Luxury Hotel Awards, 2022 #1 Luxury Beachfront Resort in Florida by the Luxury Lifestyle Awards, 2022 Gold and Silver Awards by Travel Weekly for Best Overall Beach Resort and Best Overall Business/ Conference Center respectively, 2019 Best Family Resort by Travvy Awards, One of the Top-10 Resorts in Florida by Conde Nast Traveler in 2019 and is the recurring recipient of the AAA Four Diamonds Award®.
Extensively renovated and repositioned through a comprehensive $90 million dollar capital plan completed in 2017, The Diplomat Beach Resort remains unrivaled as a world-class beachfront meeting and events-focused resort and is the largest convention and meeting space in North and South America as well as the Caribbean. Featuring 1,000 traditional guest rooms and suites and 209,000+ square feet of integrated meeting and events space, The Diplomat is also the second-largest beachfront resort in South Florida. The property consists of a twin-spired, 36-story tower housing the Resort rooms, a 15,000-square-foot Spa & Salon, six restaurants and bars plus multiple pools with cascading waterfalls and designer cabanas. The property is perched on nearly 10 acres of Atlantic beachfront, overlooking both the Atlantic Surf and Intracoastal Waterway, and offering kayaking, paddle boarding, and jet ski rentals among live entertainment and other guest amenities.
Dean Lane, a hospitality industry veteran with more than thirty years of experience will serve as General Manager of The Diplomat Beach Resort. During his storied career, Lane has acquired many accolades not limited to Historic Hotels of America’s “Historic Hotelier of the Year” in 2014 and the Illinois Hotel and Lodging Association’s “Hotelier of the Year” in 2015. In 2017, he was voted Chairman of the Board for the latter association. “The Diplomat is not only an iconic property but a treasured institution to the people of South Florida,” says Lane, “I’m excited to not only be a steward of this incredible beachfront staple but also to be an active member of the incredible community surrounding this location.”
Other new additions to The Diplomat include tenured group sales executive Autumn Mullen, who will serve as Director of Sales and Marketing, Colby Cook, who will serve as the Resort’s Revenue Director, and Gregory Schry, who will serve as the Resort’s Food and Beverage Director. Kyle Simmons, who joined The Diplomat in 2021 from Margaritaville Brand’s international flagship Resort in Hollywood, will continue to serve as the Director of Marketing, Public Relations, and eCommerce.
For more information please visit www.diplomatresort.com or contact TARA, Ink. at [email protected]. Select, hi-res photography and video content are available upon request. Photo: Dean Lane, General Manager of The Diplomat Beach Resort
About The Diplomat Beach Resort
The Diplomat Beach Resort, South Florida’s most iconic beachfront destination resort, is perched on nearly 10 oceanfront acres, overlooking both the Atlantic Surf and the Intracoastal Waterway. The Resort boasts 1,000 guestrooms and suites, 6 different culinary destinations, two sun-drenched pools, 26 poolside cabanas designed in part by fashion designer Trina Turk, a “Dip + Slide” supervised kids’ splash zone, an award-winning 15,000 square foot deluxe Spa & Salon, and a two-story fitness center, among other guest amenities. The Diplomat also offers 209,000+ square feet of meetings and event space, ranking the Resort as the largest beachfront convention center and meeting space in both the Americas and the Caribbean. The Resort is ideally located between the two most significant airports in South Florida, Fort Lauderdale/Hollywood International Airport (10 minutes) and Miami International Airport (30 minutes), granting its guests unparalleled access from major markets throughout the United States, Latin America, and Europe. For more information or reservations, please call 1-855-689-2911 or visit www.diplomatresort.com.
About Curio Collection by Hilton
The Diplomat Beach Resort serves as the international flagship location of Hilton’s esteemed Curio Collection by Hilton. This upper upscale, global portfolio of nearly 50 one-of-a-kind hotels and resorts are each handpicked for their unique character. Curio Collection properties appeal to travelers seeking unexpected and authentic experiences, and the benefits of Hilton’s award-winning guest loyalty program, Hilton Honors.