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LXR Luxury Resorts Finalizes Acquisition of Sheraton Beach Resort Key Largo

September 22, 2006 By: Erin Sternthal Travel Agent

Following the acquisition of the Sheraton Beach Resort Key Largo, LXR Luxury Resorts announced it will pump $7 million into the property to transform it into the new Key Largo Grande Resort & Beach Club. The 200-room hotel has a 21-slip boat marina, private beach and more than 10,000 square feet of function space. The addition brings LXR's Florida collection to 16 properties.

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