A prominent investor group, including South Street Partners, Dream Finders Homes, and Diamond Baseball Holdings, has successfully acquired the Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, Florida, for $149 million. The deal, with financing provided by BDT & MSD Partners, signals a significant investment aimed at enhancing the resort’s offerings through a comprehensive renovation.
Key Takeaways
- Acquisition Price: $149 million
- Buyer: Joint venture of South Street Partners, Dream Finders Homes, Diamond Baseball Holdings, and select equity partners.
- Seller: Carey Watermark Investors
- Location: Ponte Vedra Beach, Florida, adjacent to TPC Sawgrass.
- Future Plans: Comprehensive renovation to elevate resort offerings.
Strategic Location and Amenities
The Sawgrass Marriott Golf Resort & Spa boasts a prime location, situated on approximately 66 acres directly next to the PLAYERS Stadium Course at TPC Sawgrass, the annual host of THE PLAYERS Championship. Its proximity to the new PGA TOUR Global Home and PGA TOUR Studios further enhances its strategic value. The resort is also conveniently located just three miles from the shores of Ponte Vedra Beach.
Resort Features
The expansive property includes a diverse range of accommodations and facilities designed to cater to both leisure and business travelers. The resort comprises:
- 351 hotel keys
- 163 villa keys
- Approximately 114,000 square feet of meeting and event space
- Nine on-site Food and Beverage outlets
- A 25,000 square foot full-service spa and fitness facility
- The two-acre oceanfront Cabana Beach Club, featuring the 1912 Ocean Bar & Rooftop and 700 members.
Future Development
The new ownership group is committed to a significant renovation of the resort. While specific details of the renovation plans have not yet been released, the focus will be on elevating the overall guest experience and enhancing the resort’s amenities. This investment is expected to solidify Sawgrass Resort’s position as a premier destination in the Florida golf and hospitality landscape.