Hotel management firm Coral Hospitality Partners is working with The Lojeta Group to create a 350-bedroom luxury resort in Hollywood Beach, Florida, US.
Margaritaville Hollywood Beach Resort will be marketed as a year-round destination and will target both families and couples.
Facilities at the resort will include a "tropical spa" with a number of treatment rooms, wet facilities and a spa garden.
Exact details of the resort will be made available at a later date.
Construction work is set to begin in 2012 with an opening scheduled for early 2014.
Coral Hospitality is a full-service hospitality management and investment company specializing in beach, mountain and golf resorts. It currently operates seven properties across the southern US - including the Gansevoort Miami Beach in Florida and Brasstown Valley Resort & Spa in Georgia.