TWG Overseas, LLC Acquires Harbor Lights Resort In Islamorada For $7M

Harbor Lights Resort, a 37-unit oceanfront hotel in Islamorada, located at 84951 Overseas Highway on Windley Key, has been sold for $7 million. The property was purchased by TWG Overseas, LLC from Holiday Isle Resort & Marina Associates. The buyer, a joint venture involving Songy Highroads from Atlanta and the Wardman Group from Washington, D.C., plans to renovate the hotel. The sale was facilitated by CBRE's Natalie Castillo.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,000,000.00
• Market: Islamorada
• Seller's Rep: Natalie Castillo (CBRE)
• Buyer: TWG Overseas, LLC
• Mortgage Provider: First National Bank of South Miami
• Buyer's Representatives: David Songy, Todd Nocerini, and Thad Paul

The buyers, a collaboration between Songy Highroads and the Wardman Group, with TWG Overseas, aim to enhance the hotel's offerings without an immediate redevelopment plan. This transaction was made possible by the efforts of CBRE's Paul Weimer, Christian Charre, Natalie Castillo, and Jennifer Jin. Weimer highlighted the rarity of acquiring waterfront property in Islamorada and expressed the buyers' intention to update and operate the hotel.