Johnny Morris Of Bass Pro Shops Acquires Hotel In Islamorada From John Kukral For $300M

The property involved in this transaction is the Cheeca Lodge & Spa, a 254-room hotel located at 81801 Overseas Highway in Islamorada, FL. This luxury resort has been owned and expanded by Northwood Investors and features extensive amenities including a pier, golf course, and restaurants. The hotel is priced at $300,000,000, with a per key value of $1,181,102.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $300,000,000
• Address: 81801 Overseas Highway
• Market: Islamorada, FL
• Asset Key Count: 254
• Per Key Price: $1,181,102
• Buyer: Johnny Morris - Bass Pro Shops
• Seller: John Kukral - Northwood Investors
• Broker: Daniel Peek - JLL

Johnny Morris, representing Bass Pro Shops, is positioned to acquire the Cheeca Lodge & Spa, marking an entry into the Florida Keys luxury resort market. John Kukral has been the seller of this property, while the transaction was brokered by Daniel Peek of JLL.