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Forbes Details Buffett’s Business Empire

posted August 14th, 2017 at 8:01 am

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by Josh Martin

Forbes has an article on Jimmy Buffett’s business empire: How Jimmy Buffett Turned Hit Song ‘Margaritaville’ Into A Multibillion-Dollar Empire

Jimmy Buffett’s classic hit “Margaritaville” is celebrating its 40th anniversary this year. The song debuted on the 1977 “Changes in Latitudes, Changes in Attitudes” album and quickly took on a life of its own, becoming a state of mind and way of life rooted in fun and escapism for those “growing older, but not up”.

The song about life in this euphoric place where days are wasted away nibblin’ on sponge cake and watchin’ the sun bake has also morphed into a global lifestyle brand that currently has more than $4.8 billion in the development pipeline and sees $1.5 billion in annual system-wide sales. This year, Margaritaville Holdings announced a partnership with Minto Communities to develop Latitude Margaritaville, new active adult communities for those “55 and better”, including the $1 billion Daytona Beach, Florida location and a second in Hilton Head, South Carolina.

Read more at Forbes.


Tagged in Business Empire



Lake of the Ozarks Resort to Rebrand as Margaritaville

posted July 13th, 2017 at 1:28 pm

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by Josh Martin

A mid-Missouri resort located on Lake of The Ozarks will be rebranded as a Margaritaville resort:

Tan-Tar-A Resort, a popular Lake of the Ozarks hotel and conference center for more than a half century, will undergo a multi-million renovation and be rebranded as a Margaritaville hotel, the chain of resorts named after a Jimmy Buffett song.

The 500-room Osage Beach resort 185 miles southwest of St. Louis is joining a growing list of Margaritaville hotels located primarily in coastal vacation spots, including Key West and the Cayman Islands.

It’s new name effective March 2019 will be Tan-Tar-A, a Margaritaville Resort, said the resort’s longtime general manager Fred Dehner. All 500 of the resort’s employees are being retained, he said, and new food and beverage employees will be hired for a Margaritaville restaurant and LandShark Bar & Grill that are being added.

On June 29, Miami investment firm Driftwood Acquisitions & Development acquired Tan-Tar-A Resort from Bethesda, Md.-based CWCapital with joint venture partner Sefira Capital, a Miami-based investment boutique, the companies announced Thursday. Driftwood has a licensing agreement with Margaritaville Holdings, Buffett’s company. Buffett, the 70-year-old flip-flops wearing singer of “Cheeseburger in Paradise” and other songs, has expanded his business empire to include real estate, alcoholic beverages and restaurants. Financial terms of the sale were not disclosed.

The resort will remain open while the property is renovated to incorporate Margaritaville’s ‘casual-luxe’ design elements, Driftwood said.

Driftwood, which manages more than 40 hotels, also announced the acquisition of the Flamingo Beach Resort & Spa in Costa Rica Thursday. Tan-Tar-A and Flamingo will become Margaritaville’s 10th and 11th resorts.

Read more


Tagged in Business Empire, Margaritaville Hotel



Cleveland Margaritaville Sets Opening Date

posted June 26th, 2017 at 9:49 pm

1 Comment »
by Josh Martin

The latest Jimmy Buffett’s Margaritaville restaurant will open in Cleveland in early July:

The restaurant announced via email that it will hold a soft opening on Monday, July 3, and a planned grand opening the following week, on Tuesday, July 11.

Margaritaville will be a big operation, with 498 seats — 153 outside and 345 indoors. Its rooftop bar will offer a view of Lake Erie.

“We are ecstatic to bring the rocking Margaritaville lifestyle to Cleveland,” said David Crabtree, president and CEO for International Meal Company U.S., the company that operates Margaritaville restaurants, in a statement. “Margaritaville is all about treating yourself to great food and drinks while enjoying great music and escaping reality.”



Tagged in Business Empire, Margaritaville Cafes



One Particular Harbour Marina and Homes Coming to Bradenton

posted June 13th, 2017 at 10:42 pm

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by Josh Martin

Jimmy Buffett is branching out even further with his Margaritaville brand by adding a One Particular Harbour marina and community in Bradenton, Florida.

Minto Communities and Margaritaville Holdings today announced the continuation of their partnership with the development of a new marina and 132 luxury residences at Harbour Isle in Bradenton, Florida. Minto’s 220-acre private island community is located on Anna Maria Sound, directly across from Anna Maria Island, which has been named by USA Today as one of the 10 best “secret” beaches in Florida.

“We look forward to bringing Margaritaville’s fun, escapism and casual-luxe lifestyle to Harbour Isle, a community already known for its charming seaside appeal,” said John Cohlan, chief executive officer of Margaritaville. “We are thrilled to extend our partnership with Minto to include luxury residences at that one particular harbour in Bradenton, Florida.”

Featuring Margaritaville’s relaxed, coastal-inspired design, the One Particular Harbour marina will be located adjacent to 132 luxury residences. The marina will include 55 wet slips and 128 dry slips, ships store, and up to 30,000 square feet of commercial space with restaurants, entertainment and shops. State-of-the-art aspects will feature floating boat docks and an enclosed boat storage facility capable of supporting vessels up to 42 feet in length. Construction on the marina has begun and is slated for completion in spring 2018.

“The Marina Walk residences on One Particular Harbour will provide owners with walkable access to boating, dining and entertainment on Florida’s last private island in one of the most iconic Gulf Coast settings,” said William Bullock, senior vice president of Minto Communities. ”There is no other place like it.”

Read more here.


Tagged in Business Empire



Another Latitude Margaritaville Retirement Community to be Built

posted May 26th, 2017 at 11:10 pm

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by Josh Martin

Jimmy Buffett is developing another 55+ Latitude Margaritaville community, this time in Hilton Head, SC. The first community announced was in Daytona Beach, FL.

Latitude Margaritaville Hilton Head in South Carolina will feature 3,000-plus homes with a wide range of home designs and floor plans starting in the low $200’s.

Those “55 and better” will be able to move into this paradise where the party never stops and ‘growing older, but not up’ is encouraged by the end of next year. Development will begin immediately with a sales center set to open early-2018. Furnished models are projected to be ready by mid-2018.

The community, which will be influenced by the spectacular South Carolina setting and charming classic coastal architecture, will sit on 2,739 acres and include a 72-acre site for a 290,000-square foot Margaritaville-inspired festive retail center. Located on Highway 278, two-and-a-half miles east of I-95 in the city of Hardeeville, South Carolina, this second location is close to the historic cities of Savannah, GA, and Charleston, SC.

Read more at Forbes.


Tagged in Business Empire



Cleveland Margaritaville Opening Delayed

posted April 27th, 2017 at 9:28 am

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by Josh Martin

First announced a year ago, and originally scheduled to open in late 2016, the Margaritaville restaurant in Cleveland has delayed its opening again.

The opening of Cleveland’s hotly anticipated Margaritaville restaurant on Front Avenue in the Flats has been delayed until summer.

When the initial announcement of Jimmy Buffett’s Margaritaville coming to Cleveland was made last May, the restaurant was slated to open in late 2016. By October, however, that date was pushed back until spring 2017.

While officials connected with the project said the restaurant will debut this summer, they did not provide any official date.

Margaritaville’s menu features foods like coconut shrimp, seafood macaroni and cheese, fish tacos, steak, grilled chicken and burgers. Yes, there’s even a “Cheeseburger in Paradise” complete with lettuce, tomato, Heinz 57 and French-fried potatoes — just like Buffett’s song suggests.

Once the location opens, it will be the only Margaritaville in the state of Ohio after the Cincinnati location recently closed.


Tagged in Business Empire, Margaritaville Cafes



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