Ashford Hospitality says it sold One Ocean hotel for $87 million

Duval County records listed the sale of the Atlantic Beach property at $48.6 million.

  • By Mark Basch
  • | 12:10 a.m. July 11, 2024
  • | 0 Free Articles Remaining!
The One Ocean Resort & Spa in Atlantic Beach was sold June 27. The buyer was a joint venture comprising Aspect Real Estate Group, Sage Hospitality Group, Corner Lot and Kelco Management and Development Inc.
The One Ocean Resort & Spa in Atlantic Beach was sold June 27. The buyer was a joint venture comprising Aspect Real Estate Group, Sage Hospitality Group, Corner Lot and Kelco Management and Development Inc.
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Ashford Hospitality Trust Inc. said it sold the One Ocean Resort & Spa in Atlantic Beach for $87 million in cash, well above the $48.62 million price listed in Duval County Clerk of Courts records.

Dallas-based Ashford announced the sale of the 193-room hotel in a June 27 news release that did not include the price.

However, a Securities and Exchange Commission filing by publicly traded Ashford said it sold the property to a joint venture called ACS One Ocean Propco LLC for $87 million.

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