Sawgrass Marriott Golf Resort sold in joint venture acquisition near TPC Sawgrass Stadium course

“The acquisition of Sawgrass Marriott Golf Resort & Spa perfectly complements our existing hotel portfolio of exceptional properties located in fast-growing, southeastern markets with A+ locations,” said Henry Armistead, managing director of South Street Partners. “Together with our investment partners, we are delighted that this incredible asset will be the first investment for South Street’s SSP GP Fund II.”

Known as the jewel of Florida’s historic coast, Ponte Vedra Beach is known for its world-class golf courses, pristine white sand beaches and luxury resorts, but it is also steeped in history and culture and offers extensive recreational opportunities with easy access to Florida’s famous Intracoastal Waterway offering excellent boating, fishing and dining along the 10-mile waterway through Ponte Vedra and Palm Valley. In addition to the area’s incredible golf offerings, residents and visitors can enjoy tennis, spas and water activities, or relax on Ponte Vedra’s 7 miles of pristine beach, some of which have a unique pink hue from the coquina shells found in the sand.