NVHG Acquiring Hawk's Cay Resort
Plans $27mil Renovation
WESTPORT, CT, February 23, 2007. Northview Hotel Group (NVHG) announced today that it has entered into a joint venture partnership with Behringer Harvard and Five Star Realty to acquire Hawk's Cay Resort in the Florida Keys. Northview will be managing the property and overseeing a $27 million renovation focused on enhancing the resort's amenities and guest experience.
Renovation plans include completely remodeled guest rooms and upgraded two- and three-bedroom villas, a new lobby, new dining options, and a redesigned pool and lagoon area serving as the centerpiece of the resort.
"Following the renovation, Hawk's Cay will be positioned as a world class resort, appealing to families, couples and upscale groups," according to Northview Hotel Group Partner Simon Hallgarten. "We are excited to include Hawk's Cay in our growing portfolio of properties."
Hawk's Cay Resort is located on Duck Key Island, approximately 60 miles north of Key West and 90 miles south of Miami. The resort features 177 guest rooms and 297 privately owned villas, the majority of which participate in a rental management program. The resort also offers 25,000 square feet of meeting space and 10,000.
"The upside potential of this property through its repositioning is exceptional, given the range of possible value-enhancement opportunities," said Northview Hotel Group partner Mark Mance. "We are looking forward to starting the renovation work this coming summer, and to a completion in early 2008."
Amenities at Hawk's Cay include five F&B outlets, a lounge, five swimming pools, a 7,000 square foot spa, a full-service marina, tennis courts and a children's program. The property offers world-class fishing, snorkeling, parasailing, scuba diving, other watersports, plus "Dolphin Discovery," a program that provides interactive and educational dolphin experiences for guests. The property has been independently owned and operated for the past 24 years.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
