Real estate investment firm Trinity Fund Advisors LLC has purchased the award-winning Diplomat Beach Resort in Hollywood, Florida from Brookfield Properties for $835 million to private, and signed a 40-year management deal for the property with Hilton Hotels and Resorts to oversee the resort’s operation as part of the Curio Collection by Hilton brand.
The transaction is the third largest single-asset hotel/resort sale in United States history.
The property is perched on nearly 10 acres of Atlantic beachfront, overlooking both the Atlantic Surf and Intracoastal Waterway. The property – where an extensive, $90-million renovation was completed in 2017 – consists of a twin-spired, 36-story tower housing the resort rooms, a 15,000-square-foot spa and salon, six restaurants and bars, as well as multiple pools with cascading waterfalls and designer cabanas.
The Diplomat Beach Resort is the largest convention and meeting space in North and South America as well as the Caribbean. With 1,000 traditional guest rooms and suites and more than 209,000 square feet of integrated meeting and events space, the Diplomat is also the second largest beachfront resort in South Florida. Located between Fort Lauderdale/Hollywood International Airport and Miami International Airport, the resort offers unparalleled access to guests from major markets throughout the United States, Latin America and Europe.
At the same time, award-winning hotel manager Dean Lane was named general manager of the property.
“I look forward to this new opportunity and am proud to be able to lead the phenomenal team at The Diplomat Beach Resort,” Lane says. “My ultimate goal is to ensure this premiere Resort remains the unquestionable leader in the South Floridian market for both leisure and business travelers visiting the area, by delivering an unparalleled guest experiences and best-in-class amenities around every bend.”
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®.