Margaritaville Beach Resort Hollywood Beach

The luxurious, 349-room Margaritaville Beach Resort Hollywood Beach opened for business in October 2015 on a five-acre City-owned site between Johnson and Michigan streets. The resort includes a 1056 space parking garage with 600 public parking spaces, convention and ballroom space, retail stores, restaurants, a full-service spa and fitness center, a dual lane wave rider, and other amenities. The Landshark Bar and Grill overlooks the Beach Broadwalk and Theatre, while the 5 O'Clock Somewhere Bar on the Intracoastal Waterway features dock space for boat access.

The project is dMargaritaville Renderingesigned to be a Leadership in Energy and Environmental Design (LEED) Silver resort, a new boat dock with eco-tours along the Intracoastal, and more entertainment and outdoor seating at the beach theatre.

Construction on the project, located on City-owned land leased by the development group, began in July 2013 and was completed in October 2015. The project received final approval from the City Commission (which also serves as the CRA Board) at a special joint meeting held on May 29, 2013. During this meeting, the Commission approved an Amended and Restated Ground Lease and an Amended and Restated CRA Compensated Funding Agreement that included the addition of the investment group, Starwood Capital into the project. The resort sold in April 2018 to KSL Capital Partners. Denver-based KSL invests in hotels and resorts, clubs, fitness, family entertainment, skiing and resort real estate. KSL also owns the Don CeSar and Beach House Suites by the Don CeSar in St. Pete Beach, and  Baker's Cay Resort in Key Largo, scheduled to open later this year.

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