Timbers Co., Wheelock Street Capital and The Ronto Group have announced the joint acquisition of the South Seas Island Resort on Florida's Gulf Coast.
Timbers Co. and Wheelock Street Capital, a private investment firm, will provide the capital for this transaction.
Since its founding in 1946, the 330-acre resort and wildlife preserve and estuary has been a staple of Florida tourism. Occupying approximately one-third of the northern tip of the six-mile-long Captiva Island, the property totals 434 accommodations including hotel guestrooms and suites; one- to three-bedroom condominiums; and private homes, cottages and homes of distinction rentals. All units feature balconies or lanais to enjoy water views and wildlife. An array of activities are available, with 20 swimming pools and a pool complex, beachfront golf, tennis, full-service spa, waterfront dining options, children's programs, watersports and boutique shopping. Guests also have the opportunity to participate in
