RREAF Holdings and Innisfree Hotels Announce Partnership to Develop Brand-New Margaritaville Resort on Galveston Beach

Margaritaville Resort Galveston — Photo by Margaritaville Enterprises, LLC

The beachfront resort project showcases the advantage of developing in markets where demand is outpacing supply.

RREAF Holdings LLC, a private real estate development firm, today announced its partnership with Innisfree Hotels, a best-in-class operator of beachfront hotels and resorts in the Southeastern United States, to develop a new, $110 million Margaritaville Resort in Galveston, Texas.

Located at 317 East Beach Drive, the resort will occupy 300,000 square feet, making it one of the largest developments in eastern Galveston. The property will feature 334 rooms and include offerings such as a 2.5-acre elevated water park overlooking the beach, four restaurants, ballroom, direct beach access, and more. RREAF Holdings has secured all the required approvals from the City of Galveston and will break ground in early 2024.

Galveston saw an economic boom in 2022 with over 8 million visitors, an increase of 25 percent from 2021 with expectations for even more growth in 2023 and beyond. Additionally, the Houston metro area has continued to grow since 2020 making Galveston an attractive drive-to leisure destination for residents.

Through the partnership, the companies will also unveil a second new resort later this year at an undisclosed location.

The resort will feature a wide array of amenities including pickleball courts, a family entertainment center with a highend arcade for all ages, a 350-foot lazy river along with an adult pool, and signature Margaritaville food and beverage offerings.

Hotel website