Dream Finders Homes has teamed up with Charlotte-based private equity firm South Street Partners to purchase the Sawgrass Marriott Golf Resort & Spa and its exclusive oceanfront Cabana Beach Club. The $149 million deal, confirmed by a company spokesperson, marks a major change in ownership for the Ponte Vedra Beach landmark. Financing was backed by funds affiliated with merchant bank BDT & MSD Partners.
Located next to the iconic TPC Sawgrass Golf Club, the 66-acre resort is slated for a full-scale renovation. The property includes 351 hotel rooms, 163 villas, more than 114,000 square feet of meeting space, and a host of amenities — plus the 700-member Cabana Beach Club, home to the popular 1912 Ocean Bar and Rooftop.
“This acquisition is a strong fit for our portfolio of premier properties across high-growth Southeastern markets,” said South Street Principal Henry Armistead. “We’re thrilled to make the Sawgrass Marriott the first investment for our new SSP GP Fund II.”
South Street Partners, one of the nation’s largest owners and operators of luxury residential club and resort communities, manages over $2.7 billion in assets and has invested more than $1.7 billion in resort, residential, and commercial developments since its founding in 2009. Its portfolio spans the Southeast, Sunbelt, and select international destinations.
Information from: https://www.bizjournals.com/jacksonville/news/2025/11/06/sawgrass-marriott-dream-finders-acquisition.html
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