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Ocean Waters Acquires LaBreeze Inn & Suites in Ormond Beach

Posted on: Tuesday, 8 August 2006, 12:00 CDT

Ocean Waters, a resort management and hospitality investment firm, has acquired the 42-room LaBreeze Inn & Suites in Ormond Beach.

Ocean Waters operates more than 20 oceanfront hotels and resorts along the World's Most Famous Beach. Since 1998, the company has acquired more than 30 hotel sites and owns more than 2.4 miles of oceanfront on the 23-mile stretch that comprises Ormond Beach, Daytona Beach and Daytona Beach Shores.

The LaBreeze Inn & Suites will continue to operate as a hotel.

Long-term, Ocean Waters has announced plans to redevelop the property as condominiums and enhanced beach access along the Atlantic Ocean.

"The LaBreeze purchase is part of our master plan for Ormond Beach and our efforts to beautify the oceanfront and provide first-class residential beach resorts. This acquisition is a critical asset to what Ormond Beach can be: the envy of the East Coast," said Ocean Waters Senior Vice President Doug Kosarek.

About Ocean Waters

Ocean Waters is a privately-held Daytona Beach hospitality ownership and resort management company. Ocean Waters Management operates hotels and resorts directly on the 23 miles of shoreline that make up the "World's Most Famous Beach" in Daytona Beach, Daytona Beach Shores and Ormond Beach, Florida. Properties include the elegantly renovated Plaza Resort & Spa, Acapulco Hotel & Resort, LaPlaya Resort & Suites, Plaza Ocean Club, Palm Plaza Oceanfront Resort, Boardwalk Inn and Suites, Best Western Mayan Inn, Best Western Mainsail Inn & Suites, Beachside Plaza Resort, Bermuda House, Super 8 Oceanfront, Makai Beach Lodge, LaBreeze Inn & Suites, The Islander, Conch House, Saxony, Royal Beach, Sunny Shore, SeaSide Inn, Driftwood Resort, and Aqua Terrace. For more, information visit http://www.DaytonaHotels.com or call 1-800-874-7420.

Source: Business Wire

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