Developer RREAF Holdings and Innisfree Hotels are jointly developing the $110 million, 334-key project at 317 East Beach Drive in Galveston, Texas under the name RREAF Grand Beach Development, according to a recent filing with the Texas Department of Licensing and Regulation. Construction will begin later this month at a cost of $329,000 per room and will be complete in 2025. The project, will feature a pool and amenity deck, restaurant, family entertainment center and conference center. It will have direct access to one of the city’s only alcohol-permitted beaches, East Beach. The Galveston Resort will occupy 300,000 square feet, making it one of the largest developments in eastern Galveston. Innisfree Holdings manages more than 24 hotels and resorts nationwide, mostly in Florida. RREAF had amassed over $3 billion in assets across 57 properties emphasizing hospitality projects and multifamily developments in the Southwest region. Gensler is the projects designer.
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