Foley Advises Buyer in Acquisition of Sawgrass Marriott Golf Resort & Spa

Foley & Lardner LLP served as legal advisor to the joint venture purchaser of Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, Florida.

South Street Partners, a leading private equity real estate investment and development firm headquartered in Charlotte and Charleston; Dream Finders Homes, a nationally recognized homebuilder headquartered in Jacksonville and the Official Home Builder of the PGA TOUR; Pat Battle, Executive Chairman of Diamond Baseball Holdings and past Chairman and CEO of IMG College (fka: Collegiate Licensing Company) and select joint venture equity partners together acquired the 66 acres adjacent to the iconic PLAYERS Stadium Course at TPC Sawgrass, home of the annual THE PLAYERS championship since 1982. The joint venture will focus on significantly elevating the resort’s offerings, with plans for a comprehensive renovation.

Sawgrass Marriott Golf Resort & Spa comprises 351 hotel keys, 163 villa keys, approximately 114,000 square feet of meeting space, nine on-site food and beverage outlets, a 25,000 square foot full-service spa and fitness facility and the two-acre oceanfront Cabana Beach Club, which includes the popular 1912 Ocean Bar & Rooftop, with 700 members — all just three miles from the jewel of Florida’s Historic Coast, Ponte Vedra Beach.

Renowned for its premier golf, pristine white sand beaches, and luxury resorts, Ponte Vedra Beach also places the region’s history and culture well within reach. Offering endless opportunities for relaxation and excitement, Sawgrass Marriott Golf Resort & Spa is nestled only five minutes away from both Ponte Vedra Beach and the Intracoastal.

The Foley team was led by partners Fred Ridley, Thomas Little, Omar Lucia, Libby Ridley, Clifford Risman, and associate Samantha Duran with support from of counsel Brian Wanek, senior counsel Richard Guyer, and Maximilian Atchity.