Ocean Properties LTD, owner of the former Adam’s Mark hotel site on Clearwater Beach, has purchased a controlling interest in The Sandpearl Resort, a luxury hotel and condo residence. While Ocean Properties LTD will be the managing partner, the Sandpearl name and day to day operations will not change. Ocean Properties owns and manages over… Read More
Patel Property Up For Sale In Clearwater Beach
The vacant 2.9 acre lot at Coronado and S. Gulfview, next to the new Hyatt is up for sale. The property is owned by Tampa businessman and philanthropist Kiran Patel. Patel paid $40 million for the prime land 6 years ago, one of Pinellas County’s most expensive land sale price. Todays asking price – $30… Read More
Clearwater Beach Hyatt Opens Monday
After years of construction, the Hyatt Regency Clearwater Beach Resort and Spa opens Monday February 1st. The upscale hotel and spa has 250 suites have kitchens and private balconies overlooking the Gulf on Beach Walk. Resort amenities include the eco-friendly spa, a 24-hour StayFit@Hyatt gym, the Camp Hyatt kids program, indoor and outdoor function space,… Read More
Coral Reef Developer Outlines Plans
More than 100 people attended a meeting to hear developer Robert Fleeting describe the proposed $60 million, 248-unit, 12-story twin-tower hotel. Many questions were raised including positioning of the new buildings, public beach access, and when construction would start. Another question was will it be a hotel, condotel, or timeshare? That will depend on the… Read More
Coral Reef Resort Could Be Redeveloped
There will be a public meeting at 7:30 p.m. Thursday at Warren Webster Community Center, 1500 Pass-a-Grille Way. The developer, Coral Reef Partners LLC wants to demolish the 45 year old hotel and replace it with a $60 million timeshare or hotel. Plans include a new 12 story building – 10 floors of condos over… Read More
Beach Hotel Decision Delayed
The Clearwater Community Development Board approved a development agreement with Dr. Kirin Patel and his development company for a new hotel on Clearwater Beach 4 years ago. That was during the building boom. Now, building is at a standstill and financing difficult to find. Patel has asked the city to approve an amended agreement. Among… Read More
Aqualea Construction To Begin
The Aqualea Resort Condominium Hotel and Residences will now be a reality on Clearwater Beach. Financing for the 268-unit complex on South Gulfview Boulevard has been secured. Total financing is around $105 million, or more than $391,000 per unit. The deleloper has partnered with the Hyatt Corp. to develop the complex, which will feature a… Read More
Coral Reef Resort on St Pete Beach Sells For $7.3 Million
The Coral Reef Hotel on St. Pete Beach has been sold for $7.3 million to Coral Reef Partners LLC. In addition to the hotel, buyers also purchased the lease on Bongo’s, the hotel’s beach bar/restaurant, for $1 million. The 60-room facility will continue to operate as the Coral Reef Beach Hotel, renovations are underway to… Read More
