75 Year Old World Famous South Seas Island Resort SOLD!

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Services for Real Estate Pros

BRE/SOUTHSEAS RESORT OWNER LLC  sold the properties located at 2800-5640 SOUTH SEAS PLANTATION RD and 14830 CAPTIVA DR CAPTIVA FL 33924 to WS SSIR OWNER LLC on September 27 2021 for $50,380,117.00.  (Land only, no information on total sale price)

Gregory Spencer is the managing member of WS SSIR Owner LLC, a Delaware Trust, authorized to do business in Florida as of August 2021.  The Special Warranty Deed was prepared by Chauncey M. Swalwell of Goodwin Procter LLP based in Los Angeles California.  WS SSIR OWNER consists of three companies — Timbers Co., Wheelock Street Capital and The Ronto Group. The diverse group bought the 330-acre resort are uniquely positioned to bring some changes to the 75-year-old property.

Boston-based Wheelock, a private real estate investment firm, provided the capital for the purchase. Winter Park-based Timbers, a resort company and Naples-based Ronto, a real estate developer, will manage and develop it.

According to a statement issued by the companies, the three “plan to elevate the guest experience with expanded services and amenities while working on future plans to reimagine and restore the famed South Seas Island Resort to its original grandeur.”

Anthony Solomon, Ronto’s owner, says it’s too early to share details of what changes are coming, but says there are plans for capital improvements and upgrades to the property. And, he says, there will be increased staffing and staff training to improve the customer experience.

The original resort, South Seas Plantation, was opened in 1946 as a fishing resort by Clarence Chadwick, following a dry hurricane (salt-water storm surge kills the plants) which ended commercial farming on the island. Chadwick owned much of Captiva and portions of nearby Sanibel, making his fortune inventing the Checkprinter in the 1920s. His heirs sold the property to Mariner Properties in 1966, which began the modern era of the resort.
Link to the History of South Seas by Susan Holly


#Realtywise
#Onceinalifetime

Comments (4)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

wow, what a wondderful property.  Make it a great Sunday, relax and recharge.  It all starts again tomorrow.  Have a fantastic week, and thanks again for the share.  Bill Salvatore

Oct 03, 2021 06:36 AM
Aslan Realty Advisors, LLC
Fort Myers, FL
Staying a step ahead with Pride!
Case Number LDO2017-00118
Project Name SOUTH SEAS RESORT
Document Name CC LTR FINAL 6/14/18
LDO2017-00118
SOUTH SEAS RESORT
CC LTR FINAL 6/14/18
1
6/14/2018 12:00:00 AM
LDO2017-00118
SOUTH SEAS RESORT
LA1 AMENDMENT
File
1
5/4/2018 12:00:00 AM
LDO2017-00118
SOUTH SEAS RESORT
CC810 ENG REQ WITH AMENDMENT
File
1
4/30/2018 12:00:00 AM
LDO2017-00118
SOUTH SEAS RESORT
APPROVAL
File
1
7/12/2017 12:00:00 AM
VEG2017-00118
NA
1
4/19/2017 12:00:00 AM
Oct 03, 2021 06:43 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Aslan and thanks for sharing this great information with us here in the Rain.  Make it a great day!

Oct 03, 2021 09:15 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Aslan Realty Advisors, LLC this Buyer is truly very blessed to now own this resort.  Congratulations on this sale.

Oct 03, 2021 03:47 PM