FORT LAUDERDALE, Fla. — DiamondRock Hospitality has acquired The Kimpton Fort Lauderdale Beach Resort, a boutique lifestyle beach resort in Fort Lauderdale, Fla. for $35.3 million.
The resort will be operated by HEI Hotels & Resorts under a franchise agreement with Kimpton Hotels & Restaurants.
“This acquisition marks our 14th resort, and we are extremely excited to add The Kimpton Fort Lauderdale Beach Resort to our portfolio and extend DiamondRock’s leadership with the preeminent portfolio of leisure-oriented, lifestyle hotels and resorts,” says Mark W. Brugger, president/CEO of DiamondRock Hospitality. “We plan to capitalize on synergies by having HEI Hotels & Resorts manage this resort in addition to managing DiamondRock’s nearby Westin Fort Lauderdale Beach Resort. There are significant opportunities to create value by leveraging our leading resort expertise to enhance revenue management and fundamentally reprogram the underutilized rooftop bar and the restaurant.”
The resort reopened in mid-2021 after a comprehensive rebuild that fully upgraded the resort to current building codes while preserving its Art Deco architecture. The resort offers numerous amenities including:
- Dedicated beachfront area
- Rooftop bar and swimming pool with panoramic views of the Intracoastal Waterway
- Intimate street-level, open-air restaurant and bar with lush courtyard swimming pool
- Architecturally unique Art Deco style with historic elements and modern amenities
DiamondRock’s acquisition also includes ownership of a 230-space parking facility supporting both the resort as well as the adjacent Tiffany House residences.