Iconic Sea Oats Motel in Destin acquired, to undergo renovations

RREAF Holdings acquires Sea Oats Motel in Destin, FL

RREAF Holdings has acquired the Sea Oats Motel, a 46-key, beachfront hospitality asset located in Destin, FL. The acquisition marks RREAF’s first beachfront hospitality investment since 2022. First opened in 1964, Sea Oats is one of only two hotels located directly on the beach within Destin proper, offering direct beachfront access in one of Florida’s most supply-constrained coastal markets. The property is uniquely positioned adjacent to city-…

Iconic Sea Oats Motel in Destin acquired, to undergo renovations

RREAF Holdings, a privately held real estate investment and development firm based in Dallas, has acquired the Sea Oats Motel, a 46-key beachfront hotel in Destin, the company announced Wednesday. The property, which first opened in 1964 at 3420 Scenic Highway 98, is located directly on the beach within the Tarpon Beach area. RREAF said the hotel offers direct beachfront access in what it described as one of Florida’s most supply-constrained co…