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January 23, 2024

Texas Tourist Hub Lands Jimmy Buffett-Inspired $700 Million Development Project

As Featured in “CoStar
Candace Carlisle, CoStar , 23 January 2024

RREAF Holdings is delighted to share the coverage received from various outlets, including this feature by CoStar News. The collaboration between Innisfree Hotels and RREAF Holdings announces a groundbreaking $700 Million development—a Margaritaville Resort and Cottages in Galveston, Texas.

A well-known Texas tourist hub is expected to get a little more relaxed in the coming years with the addition of its first Margaritaville resort — part of a global lifestyle brand inspired by late singer-songwriter Jimmy Buffett.

Dallas-based RREAF Holdings and Innisfree Hotels are teaming up to build a $250 million Margaritaville resort at 317 E. Beach Drive in Galveston as part of a larger, more than $700 million project. The 334-room, 300,000-square-foot resort is designed to include a 2.5-acre elevated water park overlooking the beach, as well as four restaurants and a ballroom. The resort is expected to have direct beach access once it’s constructed, with work planned to begin in the near future and the city already green-lighting the project, which has been three years in the making.

We extend our gratitude to CoStar for featuring this project. The original article can be found on Costar.