“At Timbers Company, we are actively looking for exceptional properties like South Seas Island Resort to diversify our offerings and expand our footprint. For more than two decades, we have been successfully developing, selling and operating master-planned resorts around the world and are delighted to add this iconic coastal Florida property to our collection of diverse destinations,” said Timbers CEO Greg Spencer. “As a native Floridian and having vacationed on both Sanibel and Captiva growing up, I have an immense appreciation for just how special this resort is to all the generations that have visited over the last several decades. Securing a coastal Florida resort location was one of our primary goals when we relocated to Florida from Colorado and we are pleased to be working with such distinguished partners as Wheelock Street Capital and The Ronto Group. We 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.
As part of this acquisition, all operational aspects of South Seas Island Resort will be overseen and led by the Timbers Company and the talented management team at the resort. Immediate changes to the resort include refreshed landscaping, property repairs and maintenance, extended hours of operation for dining and retail outlets, increased staffing, and conference center and marina improvements.
After the closing transaction was complete, Greg said “this destination is a special place and we have a tremendous opportunity to refresh and reposition this property into one of the top family friendly resorts in the United States.” “We also want to be a preferred place to work.”
We look forward to working together with Wheelock Street Capital and The Ronto Group to reimagine and restore the famed South Seas Island Resort to its original grandeur. We will have further announcements in the coming months regarding our future plans.