New owner of Hamilton Harbor Yacht Club in Naples revealed
The new owner of the Hamilton Harbor Yacht Club in Naples has a familiar ring.
On Wednesday, MSD Partners LP confirmed it had quietly bought the club last week.
It is the same company that is providing the capital and financing for the redevelopment of the historic Naples Beach Hotel property off Gulf Shore Boulevard.
MSD Partners is an investment advisory firm linked to the family of billionaire Michael Dell, founder and CEO of Dell Technologies, one of the world’s largest technology infrastructure companies.
The New York-based company purchased the yacht club on September 28, through a limited liability company called the Naples Marina Owner.
The yacht club was previously owned by Collier Enterprises, its Naples-based developer.
In case you missed it:Old Collier Golf Club of Naples changed hands after 20 years
Following:Longtime owners are shifting gears in legal fight over Naples Beach Hotel’s future
Previously:Naples Beach Hotel: court ruling on trial suspending sale postponed to August
Located on the edge of Rookery Bay National Preserve off Thomasson Drive across from Port Royal, the club offers 35 wet and 325 dry boat storage locations, a full-service marina and waterfront restaurants. water.
“The Collier family has developed an extraordinary club and we are honored to continue its rich heritage, while expanding and enhancing the membership experience and the club offering,” said Barry Sholem, partner of MSD Partners, who is also president of Real Estate, in a statement.
He didn’t provide any further details about MSD’s plans to improve the club.
The purchase price has not been disclosed by buyers or sellers. A recorded act, however, shows the club sold for $ 16.625 million.
MSD’s other investments include the Four Seasons Resort Maui in Wailea and the Four Seasons Resort Hualalai in Hawaii, the Fairmont Miramar in Santa Monica, and the Boca Raton Resort & Club in Palm Beach County on the east coast of Florida.
Together, MSD Capital and MSD Partners manage more than $ 22 billion in assets. Their real estate investments now total approximately $ 7.9 billion.
Last week, Collier Enterprises also sold its Old Collier Golf Club, including its 18-hole championship golf course.
Naples resident and businessman David Hoffmann announced his purchase of the golf club on Friday, the same day he bought it through the Hoffmann family of Cos., Who pulled off a dizzying number of local businesses in recent years, including the Hertz Arena, the Florida Everblades Hockey Team, Naples Princess Cruises, and Naples Transportation & Tours.
Hoffmann, a member of the exclusive invitation-only golf club, did not disclose how much he paid for the property. An act had not yet been recorded on Wednesday.
He described both properties as “once in a lifetime” asset purchases.
In an emailed statement last week, Patrick Utter, senior vice president of Collier Enterprises, said: “Collier Enterprises is proud of the stellar reputation established at the Old Collier Golf Club and the Hamilton Harbor Yacht Club during their years. stories. Our company wants members, and new owners, all the best for the future, as we continue to focus on our network of entities and business efforts. “
As for the Naples Beach Hotel project, it is still pending.
A legal challenge brought by a neighbor days after the planned closure of the 125-acre property delayed the sale for months.
Naples resident Gregory Myers sued current owners and buyers in Collier’s Circuit Court in late May.
Based on publicly recorded dishes and easements, he claims in his lawsuit that he has an interest in the land, although he technically does not own one.
With that interest, Myers argues that he should have more power to determine what happens to the property that is so close to his home. He’s not happy with the plans for that.
In partnership with MSD, the Athens group plans to raze the beach hotel and build a five-star 220-room resort with “best-in-class” residential condos on both sides of Gulf Shore Boulevard North. In April, the developers confirmed they had signed a letter of intent with Four Seasons to operate the smaller but more upscale resort that will replace the historic waterfront hotel that opened in 1946. .
The Watkins family, longtime owners of the property, recently filed for summary judgment in the Myers case.
In the petition, Naples attorney Jeffrey Fridkin, who represents the Watkins, argues that Myers “cannot demonstrate any fact or legal authority to support his essential claim” that he has rights “in, through, or over “the property of the complex.
The next hearing in this case is scheduled for October 29.