(Story updated to add new information)
The iconic JW Marriott Marco Island Beach Resort on Marco Island is being sold, and the new owners plan major renovations.
Barings LLC, the $481 billion asset management arm of insurer MassMutual is selling the luxury hotel operated by Marriott International, along with its Hammock Bay and Rookery golf courses in Naples, to Sculptor Diversified Real Estate Income Trust, Inc., for $835 million cash, according to a filing with the U.S. Securities and Exchange Commission. The Marriott did not return a request for comment by deadline…