Gulf Returns

Famed Captiva resort back in business

The much awaited re-opening of South Seas Island Resort, the grande dame of Southwest Florida tourist destinations, is today. The opening is being coined a “soft opening” as some of the resort is still in the process of being repaired from Hurricane Charlie devastation.

There is nothing soft about the [...]

Famed Captiva resort to have new owners

In an apparent below market valued transaction, South Seas Resort was acquired by Blackstone Group LP for $367 million in cash. In addition to the Captiva and Sanibel assets, the transaction included hotel properties owned by MeriStar Hospitality in Key Largo and Clearwater.

This transaction is certainly a positive for [...]

Famed Captiva resort opening in February 2006

The grand dame of Southwest Florida resorts, South Seas, is rising from the rubble of Hurricane Charlie and is accepting reservations for its re-opening in February, 2006.

Charley washed and blew much of the 600-unit resort down to the foundation, so owners MeriStar Hospitality Corp. and dozens of individual unit [...]