South Street Partners Acquires Sawgrass Marriott Golf Resort & Spa

News Summary

South Street Partners has successfully acquired the Sawgrass Marriott Golf Resort & Spa and Cabana Beach Club for $148.04 million. This acquisition marks a significant investment in luxury accommodations in Ponte Vedra Beach. The property, which spans 66 acres, features 511 guest rooms and a massive conference center. South Street Partners plans to renovate the resort and the Cabana Beach Club, enhancing their appeal as a prime destination for tourists, particularly golf enthusiasts. With this strategic move, the firm aims to elevate the resort’s offerings and attract even more visitors in the future.

Big Changes Ahead as South Street Partners Takes Over Sawgrass Marriott Golf Resort & Spa!

In a significant move for luxury accommodations, South Street Partners has announced the acquisition of the Sawgrass Marriott Golf Resort & Spa and the Cabana Beach Club, nestled in scenic Ponte Vedra Beach. The deal was finalized on November 4 for a whopping $148.04 million—a testament to the resort’s stellar reputation and prime location. The official property deed was recorded just a day later, on November 5.

Who is South Street Partners?

South Street Partners isn’t just your average investment firm. This private equity real estate powerhouse, based in both Charlotte and Charleston, manages over $2 billion in assets, including several other prestigious golf resorts. Their portfolio boasts impressive names like the Kiawah Partners and PGA National Resort. With this latest acquisition, they are making a bold statement in the world of luxury travel and hospitality.

A Luxurious Destination

The Sawgrass Marriott not only hosts 511 guest rooms, including 24 suites and 80 villas, but it also features a massive 108,616-square-foot conference center and an assortment of dining options. From the popular Vernon’s First Coast Kitchen and Bar to the charming Alice and Pete’s Pub, guests are in for a treat. Plus, with two swimming pools on-site, there’s plenty of room for relaxation.

Located at 1000 TPC Blvd, guests at Sawgrass Marriott also enjoy exclusive privileges at the world-renowned TPC Sawgrass Golf Club—home to the prestigious The Players Championship. Visitors can book their tee times at the Stadium Course and Dye’s Valley Course up to a year in advance, ensuring a smooth golfing experience.

Cabana Beach Club Reimagined!

Not to be left out, the Cabana Beach Club is a beauty in its own right. This oceanfront gem at 619 Ponte Vedra Blvd offers breathtaking views and access to the beach, along with a new addition: the stunning 1912 Ocean Bar & Rooftop. Although it faced delays due to Hurricane Irma, it has finally opened for public access and boasts a total capacity of 496! The venue features the cozy Sea Porch restaurant and a vibrant rooftop bar—both perfect spots for enjoying a sunset cocktail.

A Bright Future Ahead

Having sold for just $122 million back in 2014, this latest acquisition shows a significant appreciation in value, and South Street Partners plans to continue this upward trajectory. The firm has grand plans for a comprehensive renovation of the resort, promising to boost the already high standards guests have come to expect.

The Sawgrass Marriott complex spans approximately 66 acres adjacent to TPC Sawgrass, supporting important tourism in the area. This prime destination is not only essential for attracting thousands of visitors every year but also generates hundreds of jobs, making it a beloved staple in the community.

A Can’t-Miss Experience!

With the merger of South Street Partners and the Sawgrass Marriott, the future looks bright for this luxurious resort and its guests. Whether you’re looking to enjoy a round of golf, relax by the pool, or dive into a culinary adventure, this resort has something for everyone. As renovations unfold and new experiences come to life, expect this location to soar in popularity.

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