Lighthouse Cove Redevelopment
Dewey Beach, Delaware
CHALLENGE
Formerly known as Ruddertowne, Lighthouse Cove has always been envisioned as a true resort destination that would serve not only as a vital source of tourism and economic activity, but also an asset to all in the community. The goal was to take this area (once scheduled to be a private, gated townhome community that would have forever eliminated public access to the Rehoboth Bay between Van Dyke and Dickinson Street) and transform it into a vibrant, mixed-use resort destination.
PROJECT OVERVIEW
Acquired in 2007, these 388,000 square feet of hospitality space were constructed throughout 2012-2020, in multiple phases over time. Designed and developed like no other property along the Delaware Coast, Lighthouse Cove boasts 73 privately owned luxury condominiums, the award-winning Hyatt Place Hotel with 140 guest rooms and luxury suites plus 10 hotel condos, the all new Lighthouse Restaurant and Lighthouse Cove Event Center.
Lighthouse Cove At a Glance
Square Footage
388,000 Total
Acquired
2007
Constructed
2012–2020
PROJECT Highlights
Delaware’s first ever Hyatt branded hotel in Hyatt Place Dewey Beach opened in 2013 and is one of the top performing Hyatt Place hotels in the World.
- 2016, 2017, 2018, 2020 – Best Hotel in Sussex County (Coastal Style Magazine).
- 2017 Family Vacation Critic Winner – “30 Best Mid-Atlantic Family Hotels & Resorts”
- Hyatt Leadership Awards Recipient – “Thrive Ambassador Award”
- Hyatt Operational Excellence Award, 2019
- Top 10 Hyatt Place Rated Hotel in Annual ADR and REVPAR Indexes
- Top Workplaces to Work in Delaware, News Journal 2019 & 2020
- TripAdvisor Travelers’ Choice Winner, 2020
Lighthouse Cove Event Center features over 18,000 square feet of flexible indoor and outdoor event space overlooking the Rehoboth Bay. The venue has quickly become the premier waterfront destination event venue for weddings, receptions, corporate meetings, concerts, tradeshows and many other special events in the Mid-Atlantic region.
The Lighthouse Restaurant is a 40-year Dewey Beach tradition, revitalized! The Lighthouse Restaurant proudly serves fresh, local, and coastal-inspired dishes paired with handcrafted cocktails and live entertainment at one of the best sunset spots in the world.
The Residences at Lighthouse Cove, a resort-themed property in Dewey Beach, Delaware, has been making waves since it debuted above the Hyatt Place Dewey Beach Hotel in 2013. Buyers appreciate the open floor plan and the upscale appointments that sport a coastal flair. The Residences feature a number of enviable amenities including: onsite dining, rooftop garden, rooftop pool with an infinity edge, a new bay-walk and a recreational pier on the Rehoboth Bay, a sunset gazebo, and bay-front units offering direct views of the water.
COMMUNITY & ECONOMIC IMPACT RESULTS
In addition to hundreds of construction jobs, this 10-year build project brought new, invigorated revenue streams to the area. From dining and housing to entertainment and events, the Lighthouse Cove project reshaped the entire local economic landscape throughout the duration of the build as well as the trajectory for years to come.
Total employment at Lighthouse Cove exceeds 350 jobs
Total revenue generated to Dewey Beach, Sussex County, and the state of Delaware from time of acquisition: $4,912,487.99
Accolades & News
New Condos Under Construction in Dewey
Delaware Online
Lighthouse Cove Event Center to Open to the Public
Cape Gazette
Beach Replenishment
Delaware Online
Lighthouse Cove completes beach replenishment
Cape Gazette
Record sales announced for Residences at Lighthouse Cove in Dewey Beach
Cape Gazette