NAPLES, Fla. — One of downtown Naples’ premier waterfront resorts has changed hands in a $41.25 million deal, with new owners planning to keep the luxury destination operating under independent management.
According to Collier County property records, Naples Bay Resort & Marina was sold through a pair of transactions to a joint venture between Pyramid Global Hospitality, a Boston-based hotel management company, and Western & Southern Financial Group.
Pyramid Global Hospitality said it will oversee the resort’s day-to-day operations, with the property joining its Benchmark Resorts & Hotels collection of independent luxury destinations.
Located just off Naples’ renowned Fifth Avenue South, Naples Bay Resort has long been one of Southwest Florida’s signature waterfront resorts.
The property features:
🏨 85 guest rooms and luxury suites
🏡 Residential-style waterfront cottages
⚓ 97-slip full-service marina
🛍️ More than 31,000 square feet of retail space
🍽️ Three restaurants and bars
🎉 Nearly 15,000 square feet of indoor and outdoor meeting and event space
The resort is also home to the exclusive Naples Bay Club, offering an extensive list of amenities, including:
💦 Three swimming pools
🌊 A lazy river
☀️ Adult-only pool and relaxation area
💆 Full-service spa
💪 2,500-square-foot fitness center
⛳ TopGolf Swing Suite
🎾 Six-court tennis center
Naples Bay Resort becomes another high-profile Florida property under the Benchmark Resorts & Hotels umbrella.
Benchmark currently operates 44 properties across the continental United States, Hawaii, Bermuda and Grand Cayman. In Florida, its portfolio also includes Naples Grande Beach Resort and Saddlebrook Resort in Wesley Chapel.
The acquisition strengthens Pyramid Global Hospitality’s presence in the luxury hospitality market across the Sunshine State.
Following the acquisition, Pyramid Global Hospitality CEO Warren Fields said the company intends to build on the resort’s existing reputation rather than dramatically change its direction.
In a LinkedIn post announcing the purchase, Fields wrote:
“We look forward to working hand-in-hand with the resort associates to build on all the amazing work they are already doing.”
No immediate changes to resort operations, staffing or guest services have been announced.
The sale reflects continued investor confidence in Naples’ luxury tourism market, despite broader economic uncertainty. Waterfront hospitality assets in downtown Naples remain among the region’s most desirable commercial real estate investments, driven by strong tourism demand, high-end residential growth and the city’s reputation as one of Florida’s premier vacation destinations.
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