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Delaware North Closes on Purchase of Prime Cape Cod Resort

Global hospitality company adds to distinctive lodging portfolio with Sea Crest Beach Hotel on North Falmouth beachfront
 

BUFFALO, N.Y., and NORTH FALMOUTH, Mass. (July 5, 2016) – Delaware North, one of the largest privately held global hospitality and food service companies in the world, has expanded its portfolio of resorts into Massachusetts by acquiring the Sea Crest Beach Hotel on Cape Cod.
 
Sea Crest Beach Hotel represents Delaware North’s first lodging acquisition and owned operation in the scbh_dining_8-5732020eastern United States and New England. This 266-room Cape Cod resort sits on a pristinely kept, private, 700-foot-long white-sand beach, where guests can enjoy ocean-view rooms and dining. Attracting about 6 million visitors per year, Cape Cod is one of the most famous summer vacation destinations on the U.S. eastern seaboard. 
 
The 21.6-acre property features a myriad of amenities, including an indoor and outdoor saltwater pool, poolside bar, watercraft rentals, bike rentals and 30,000 square feet of event space.
 
Delaware North has retained Scout Hotels, which has managed the resort for the last seven years, to continue managing the resort.
 
“Visiting Cape Cod is a long-standing summer tradition for so many people, so we are thrilled with the acquisition of this one-of-a-kind asset and look forward to enhancing its presence in this community in the years to come,” said Ken Leone, Jr., vice president of development for Delaware North’s parks and resorts business.
 
In addition, Delaware North will integrate its core business systems and processes, such as its highly regarded customer service program, GuestPath®, and its environmental management program, GreenPath®, into the operation.
 
Delaware North already has a major presence in New England as the owner-operator of TD Garden, home of the NHL Boston Bruins, owned by Delaware North Chairman Jeremy Jacobs and the NBA Boston Celtics. TD Garden also hosts major entertainment events and top touring musical acts, making it one of the busiest arenas in the world with more than 2.5 million annual visitors.
 
Earlier this year, Delaware North also broke ground on a 1.7-million-square-foot, mixed-use project on the land where the original Boston Garden stood. The Hub on Causeway, one of the largest current development projects in Boston, will include a pair of towers in front of TD Garden, creating a gateway for the arena with stores and restaurants, 500 residences, offices and a 200-room hotel.
 
About Delaware North's parks and resorts business
Delaware North Parks and Resorts is a global leader in the hospitality industry, operating lodging, food and beverage and retail services, recreational activities, and educational programming at destinations throughout North America and Australia. Delaware North operates in many of the United States’ iconic national and state parks, including Grand Canyon National Park, Yellowstone National Park and Niagara Falls State Park, as well as at cultural attractions such as Kennedy Space Center Visitors Complex. Its portfolio also includes luxury resorts in Australia. To learn more about Delaware North’s hospitality management expertise, visit http://www.delawarenorth.com/parks-and-resorts-home.aspx.
 
About Delaware North
Delaware North is one of the largest privately-held hospitality and food service companies in the world. Founded in 1915 and owned by the Jacobs family for 100 years, Delaware North has global operations at high-profile places such as sports and entertainment venues, national and state parks, destination resorts and restaurants, airports, and regional casinos. Our 60,000 employee associates are dedicated to creating special experiences one guest at a time in serving more than 500 million guests annually. Delaware North has annual revenue of about $3 billion in the sports, travel hospitality, restaurants and catering, parks, resorts, gaming, and specialty retail industries. Learn more about Delaware North at www.delawarenorth.com.