Overview
- Sculptor Real Estate and Trinity Investments bought the JW Marriott Marco Island Beach Resort from MassMutual for $835 million.
- The buyers used a $690 million, five-year floating-rate loan from Wells Fargo and JPMorgan that is securitized into bonds known as CMBS, according to JLL.
- The resort has 809 rooms on 26.7 acres with a quarter mile of private beachfront, more than 140,000 square feet of event space, 12 restaurants, a spa, five pools, and four tennis courts.
- Guests and club members use two nearby 18‑hole golf courses and a private club with about 700 members, which helps generate steady recurring revenue.
- MassMutual owned the property for decades through Barings and completed a $320 million upgrade in 2018, while the new owners plan further improvements to boost the resort’s position.