Prime Sites USA (www.PrimeSitesUSA.com) headquartered in Clearwater, Florida, announced that its Director of Casino and Hotel Development, Alan Singleton, oversaw the sale and acquisition of the former Wyndham Resort (www.ArubaResortSpa.com), a 478-key luxury resort located in Palm Beach, Aruba in an off-market transaction valued at $230,000,000.
One of only four hotels in Aruba to boast the prestigious AAA Four Diamond rating, the Aruba Resort, Spa & Casino was recognized for excellence in the 2005 Conde Nast Traveler Gold List. It is located in the Palm Beach area north of Oranjestad, one of Aruba s most popular resort destinations, just five miles from Queen Beatrix International Airport and approximately three miles from the charming shops and carnival nightlife of historic Oranjestad.
The property will be converted to a Starwood Westin Resort. It is the largest hotel in Aruba and boasts the island s largest convention and banquet spaces. It also boasts the world-famous 12,000 square-foot Casablanca Casino, one of the Caribbean s premier gaming destinations.
The buyers, New York City based Belfonti Capital Partners, (www.belfonticapital.com), is a venture capital firm focused on acquiring real estate development and investment opportunities throughout the United States and internationally.
Prime Sites USA, (www.PrimeSitesUSA.com), based in Clearwater, Florida oversaw the sale and acquisition process. It specializes in the sale and development of hospitality properties worldwide that include hotels, resorts, casinos, marinas and golf courses. Presently, Prime Sites USA, managed by Carl Carlsson, is active in the Caribbean and is developing its own branded hotel chain and golf course on Costa Rica's north west Pacific Coast.
Prime Sites USA
FL Lic. Real Estate Corp. CQ-1009311
Carl Carlsson, Managing Director
28100 US Highway 19 No., Suite 502 - Clearwater, FL 33761
Tel: (727) 771-9000 / Fax: (727) 499-7520
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This press release was issued through GroupWeb EmailWire.Com.
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