Margaritaville Holdings LLC has named Andrew Steel as the company’s new director of development.

In the new role, Steel will focus on cultivating new partnerships that support the Margaritaville brand’s ongoing international expansion.

“We are very pleased to welcome Andrew to the Margaritaville family as we continue to expand our business to new latitudes,” said John Cohlan, CEO of Margaritaville Holdings LLC. “Andrew’s background, combined with his ability to establish positive relationships with potential partners and investment groups, make him an invaluable asset to our team.”

Steel joins Margaritaville with more than ten years of real estate and development experience, during which time he has facilitated more than $1.7 billion in successful transactions.

Most recently, he was the president and co-founder of Akua Capital, where he specialized in debt and equity capital markets, and launched an operating financial technology platform.

He has also worked with The Related Group, The Carlton Group and Faison Associates, where he practiced problem solving for new developments, equity and debt placement, work-out strategies and the restructuring of multi-tiered debt and equity structures.

Margaritaville has been rapidly expanding its footprint in the Caribbean, most recently with the planned debut of a new resort in Grand Cayman.

— Dana Niland