A Margaritaville Beach Resort Is Coming to Galveston, Texas
by Briana Bonfiglio /A new Margaritaville resort has been announced for Galveston, Texas.
Innisfree Hotels, a beachfront hotel and resort operator, and RREAF Holdings, a private real estate developer, are partnering to build a $250 million Margaritaville on Galveston Beach.
“The Galveston market has exponential growth opportunities stimulated by its economy and the evolution of people moving to Texas in the past two years,” said Kip Sowden, CEO of RREAF Holdings. “We are honored to work with such distinguished companies as Innisfree Hotels and Margaritaville. With best-in-class management and highly amenitized options for our customers, we are offering a premier experience in a well-positioned hospitality asset for a fruitful future.”
The companies plan to break ground on the new property, located at 317 East Beach Dr., in early 2024. The new beach resort will feature 334 guest rooms, a 2.5-acre elevated water park overlooking the beach, four restaurants, a ballroom, and direct beach access.
The resort will also include pickleball courts, a family entertainment center, a lazy river, an adult pool, and signature Margaritaville food and beverage offerings.
“In Texas, every road leads to a new adventure,” said Jim Wiseman, president of development at Margaritaville. “Our Lone Star journey started with an office in Dallas and traveled to Lake Conroe, the South Coast, and beyond. With this resort and additional lodging destinations, communities and cottages coming soon, more of these turns in the road will lead to fun, escapism, and our iconic state of mind.”
The City of Galveston received more than 8 million visitors in 2022, a 25% increase from 2021, with expected growth in the years ahead, according to RREAF Holdings. The Houston Metro area has also seen continued growth, making Galveston a popular drive-to destination for visitors and residents.