Meisel Holdings Acquires Three Old Town Key West, Florida Motels
Southwinds Motel, Spindrift Motel and Ocean Breeze Inn
KEY WEST, FL - September 8, 2014 - Meisel Holdings of Rockville, Maryland, completed the purchase of the Southwinds Motel, Spindrift Motel and Ocean Breeze Inn in today.
The Ocean Breeze Inn and Southwinds Motel will be combined into one entity operating as Southwinds Motel, while the Spindrift Motel will continue to operate as a separate facility one block away. The Southwinds Motel, Spindrift Motel and Ocean Breeze Inn are all located in the heart of Old Town one block from Key West's famous Duval Street.
Meisel Holdings is no stranger to the Key West hospitality market. The principals have been involved in purchasing, developing, repositioning and operating of several hotel properties in Key West over the last 25 years.
"We've watched Key West evolve into a top destination worldwide," shared Marc Meisel, CEO of Meisel Holdings. "The purchase of these properties allows us to expand our hospitality operations in this unique paradise. We think of Key West as our home away from home and appreciate all it has to offer both to tourists and residents. We look forward to enhancing our relationship with the citizens of the city and offering unique experiences to its visitors."
Key West's nightlife, tourist attractions, culture, festivities and water sports combined with its year round favorable climate has made Key West one of the top hotel markets in the United States. Key West has the highest Average Daily Rate ("ADR"), Occupancy and Revenue per Available Room ("RevPAR") levels in the United States.
About Meisel Holdings
Meisel Holdings and its affiliated companies hold a diverse portfolio that includes the development and acquisition of retail centers, office buildings, industrial and R&D centers, residential and commercial condominium developments as well as development and acquisition of marina and hospitality properties. Headquartered in Rockville, Maryland with regional offices in Baltimore, Maryland; Annapolis, Maryland; Key West, Florida; Tampa, Florida; and San Antonio, Texas, Meisel Holdings and its affiliated companies employ more than 1,100 people in the management of its diverse holdings.
For more information on Meisel Holdings, visit the company's web site at www.meiselholdings.com
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