News for the Hospitality Executive
[Longboat Key, FL – October 19, 2012] Key Club Associates, LP, today announced that they have reached an agreement with an affiliate of Ocean Properties, Ltd. to acquire the Longboat Key Club & Resort located on Longboat Key, FL for an undisclosed price.
Most recently in the news for having entered into a “due diligence” phase regarding a potential partnership agreement, initial negotiations are now complete and the deal is anticipated to close by the end of this month. After further review and working through the complexities of the transaction, both parties felt that an outright sale was more appropriate.
“We look forward to being part of the Longboat Key Club & Resort and this community. We fully anticipate to close by the end of the month,” said Andy Berger of Ocean Properties, Ltd. “Longboat Key Club & Resort is an amazing place and an excellent complement to our family of properties.”
Ocean Properties, Ltd. & Affiliates (OPL), is one of the largest and most dynamic, privately held hotel and resort management and development companies in North America. They hold an award winning portfolio consisting of over 100 properties ranging from independent hotels and resorts to those affiliated with national and international brands such as Hilton, Intercontinental, Marriott and Starwood. Each property benefits from a strong corporate culture and powerful economies of scale. OPL also operates numerous shopping centers, golf courses, residential properties, office buildings and marinas. The company’s success is built upon the core values of excellent customer service, meticulous product quality, fiscal responsibility and unequaled associate satisfaction and loyalty. For more information, please visit www.oplhotels.com.
About Longboat Key Club and Resort
Longboat Key Club & Resort is Sarasota’s premier AAA Four-Diamond beachfront resort and private club renowned for its distinctive guest service and unparalleled amenities. Easily accessible from two international airports, theresorts on-site amenities include: championship golf; 25 Har-Tru tennis courts; a state-of-the-art Fitness Centre; Island House Spa offering over 50 services; six unique restaurants; a 291 slip deep-water marina; and a private white sand beach. Located at 220 Sands Pointe Road, Longboat Key, Florida, reservations can be made by calling (941) 383-8821, (800) 237-8821 or by contacting us online at www.longboatkeyclub.com.
Longboat Key Club & Resort Moving Forward with $400 Million
Islandside Redevelopment Project / September 2012
Bonsack, Director of Wellness for the Longboat Key Club & Resort in
Florida, Named to International SPA Association Board of Directors
/ August 2012
Mros Named as Director of IT for the Longboat Key Club & Resort on
Longboat Key, Florida / January 2012
Geers Named as Sales Manager within the Resort Sales Division for the
Longboat Key Club & Resort on Longboat Key, Florida / November
Zupon Named Director of Human Resources for the Longboat Key Club &
Resort on Longboat Key, Florida / July 2011
Key Club and Resort Receives Approval for $400 Million Redevelopment
Plan; the Condominium Resort Will Redesign Golf Course, Add a Hotel
with 196 Rooms and 76 Private Residences / July 2010
|Facing Extensive Upgrades, The 30 Year Old Holiday Inn Hotel and Suites at Longboat Key, Florida to be Demolished / Sept 2003|