Bankruptcy Sale – Banyan Cay Resort and Golf (West Palm Beach, FL)

Bid Deadline: June 8, 2023
Auction Date: June 13, 2023
Stalking-Horse Contract: $102,100,000
Minimum Overbid: $105,350,000

As this is a bankruptcy proceeding, brokers should be paid by their buyer.

Keen-Summit Capital Partners LLC (“Keen”) has been retained by Banyan Cay Resort & Golf, LLC (“Debtor”), U.S. Bankruptcy Court District of Southern District of Florida Case No 23-112386, to present the opportunity to acquire the fee simple interest in Banyan Cay Resort & Golf, a luxury destination resort and golf course located in West Palm Beach, Florida. Banyan Cay is one of the largest redevelopment projects in West Palm Beach since 2000, covering 250 acres in the heart of West Palm Beach, east of I-95 and less than 5 miles from Palm Beach International Airport.

The offering includes the following:

Hotel
- Main Building (95%+/- Complete):
  - Accommodations: 150 keys (75 King Rooms, 4 King ADA Rooms, 3 King Suites / 61 Double Rooms, 5 Double ADA, 2 Double Suites)
  - Hotel Food & Beverage: Signature Restaurant, Waterside Bar & Restaurant, Café/Grab and Go, and Club Room
  - Meeting Space: 2 Ballrooms, Meeting Rooms, Board Room, Pre-Function and Private Dining
  - Spa, Fitness & Pools: Full-Service Spa, Fitness Building & 3 Outdoor Pools
- Planned Hotel Features: Administration Building, Additional Parcel for 15,000 SF of Meeting Space & Hotel Keys, Pool Cabana Deck, Tennis Courts, and Great Lawn
Golf (Opened 2017): 18 Hole Jack Nicklaus 300^th Signature Series Course, Onsite Golf Maintenance Facility & Clubhouse, and Club 300 (Golf Club Grill)
Land—Condominium Pad: 3.2 Acres Entitled for 179 Condominium Units (Up to 20 Stories)
Land—Resort Villas: 3.8 Acres Entitled for 22 Sale Resort Villas (Adjacent to Hotel)
Add’l Development Sites: 1) Development Site (f/k/a future maintenance site) 2) Lots by Presidential Way