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Northwood acquires luxury Florida resort
Northwood Investors, a New York-based private real estate investment firm, has completed a deal to acquire The Cheeca Lodge and Spa resort in the Florida Keys, US.
The 214-room resort covers a 27-acre (11-hectare) site in Islamorada and features a 5,700sq ft (530sq m) spa, which has seven treatment rooms for massage, facials and body therapies. Other spa facilities feature poolside cabanas; a wet room with Vichy shower; and a whirlpool and oceanside Tiki Hut, as well as a 25-yard, adults-only lap pool and a fitness studio.
Meanwhile, The Cheeca Lodge and Spa also offers two fresh and one salt water pools; tennis courts; and a Jack Nicklaus nine-hole, Par Three golf course. Northwood managing director Jonathan Wang said: "This acquisition demonstrates our commitment to high quality hotels and our ability to transact quickly and efficiently."
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