SEAHAVEN BEACH RESORTPANAMA CITY BEACH | FLORIDA

DEVELOPMENT OPPORTUNITIES WITHIN THE TOWNE OF SEAHAVEN

CONCEPTUAL MASTER PLAN

PRESENTED BY:

» The “Towne of Seahaven” is a 52-acre master planned development with over 1,350’ of beach frontage directly on the Gulf of Mexico.

» One of the last remaining large developable beachfront tracts on the Emerald Coast.

» Centrally located in the heart of the famous coastal destination of Panama City Beach, just east of Pier Park and easily accessible from the Northwest Florida Beaches Int’l Airport.

» Known as the home of the “World’s Most Beautiful Beaches”.

» The tourist destination mecca brought in a record 7 million visitors and $1.7B in direct revenue in 2017.

» Quality of life plays a key role in making this destination so attractive to tourist and investors alike.

CBRE, Inc. | Licensed Real Estate Broker

CONTACT

TOM WATSONVice President+1 850 527 3524thomas.watson@cbre.com

JESS SIMMONSVice President+1 904 633 2610jess.simmons@cbre.com

The vision for the Towne of Seahaven has been a driving force in the Bennett family for many decades. When fully developed, the 54 acre master plan of the Towne of Seahaven calls for approximately 2,800 condominium units, 1,000 hotel rooms, 80,000 square feet of Village specialty retail and entertainment space, a 60,000 square foot conference facility and 30,000 square feet of office. The Towne of Seahaven will be a destination resort with an array of amenities including, full-service hotels, upscale shopping, exclusive access to the beach, a large common pool area with water park-type features, and beachfront activities including parasailing, water sport vehicle rental and guided gulf tours.

In 2005, the vision began to turn into reality with detailed planning for the Towne of Seahaven being developed by a team of industry experts. The first phase of the project was the Origin Condominiums, a 280 unit condominium building located in the southeast corner of the project, which has matured into one of the most popular condo projects in Panama City Beach. Due to the real estate crash of 2008 and the BP Oil Spill of 2010, further development of the Towne was delayed. Based on extensive research into current market demands, it was determined the next phase of the Towne development should be the flag hotel project anticipated in the master plan.

Although interest has been shown by some of the top hotel franchises in the country, the owner has selected to pursue a Full Service Marriott Hotel as the franchise of choice for the project. The development team, well experienced with the “Marriott way” is designing a 225+ rooms, interior corridor, and feature rich hotel. Each guest room will have gulf front view and balcony to enjoy the emerald waters and majestic sunsets on Panama City Beach. The hotel will be one of a kind full service hotel located directly on the gulf with amenities designed for the discriminate Marriott guest of the future, from the full service restaurant, the lobby grab and go or the lobby lounge or spacious meeting rooms to meet the business and group demand.

I. EXECUTIVE SUMMARY

PRIVATE AND CONFIDENTIAL HOTEL DEVELOPMENT SUMMARY PAGE 3

PIER PARKNORTH

SEAHAVEN BEACH RESORTPANAMA CITY BEACH | FLORIDA

PIER PARK

Frank Brown Park

Holiday Golf Club

CONCEPTUAL SITE PLAN

AERIAL

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