Captiva resort damaged by Charley may get new owner
Talks are under way for the sale of Captiva’s South Seas Resort.
The New York-based Blackstone Group is negotiating to buy a group of Florida resorts from MeriStar Hospitality Corp., according to local real estate expert Frank D’Alessandro. That includes South Seas Resort & Yacht Harbour, one of the largest players in the local tourism market.
“They’ve been in due diligence for some time,” D’Alessandro said, referring to the period in which a buyer studies the proposed deal to make sure there’s nothing wrong.