ORLANDO, FL—Margaritaville Holdings and Driftwood Acquisitions & Development (DAD) have rebranded two resorts in the U.S. and Costa Rica: Tan-Tar-A Resort in Central Missouri and Flamingo Beach Resort & Spa in Costa Rica will join Margaritaville’s portfolio of hotels and resorts, effective immediately.
Surrounded by Flamingo Beach on the northern Pacific Coast of Costa Rica, Flamingo Beach Resort & Spa offers 120 guestrooms and suites, along with a full range of activities for eco-tourists, families, couples and more. In addition to its location on the Blue Flag-certified ecological Flamingo Beach, the property has a large main pool with a swim-up bar, an oceanfront restaurant and lounge, a family center, watersports, a spa, a tennis court and a fitness center. Social event and corporate meeting facilities are also available, including a private venue overlooking the ocean. Nearby activities range from scuba diving and deep-sea fishing to jungle canopy tours and day trips to the Arenal Volcano.
Tan-Tar-A Resort is a 500-room lakefront property spread across 1,150 miles of shoreline on Lake of the Ozarks. Amenities include 27-hole golfing across two courses, a 103-slip marina, eight food and beverage venues, a full-service spa and salon, a fitness center, horseback and pony riding, and numerous sports facilities including tennis, basketball and beach volleyball courts. Indoor and outdoor pools are located throughout the property, as well as a 20,000-sq.-ft. indoor waterpark. A premier destination for corporate meetings, incentive retreats and social functions, the resort is home to more than 91,000 sq. ft. of event space. An on-site wedding chapel is also available.
Tan-Tar-A was recently acquired by DAD—a privately held investment firm specializing in the acquisition and development of hotel assets—with JV partner Sefira Capital, a Miami-based investment boutique platform that focuses on acquiring and developing commercial real estate. An affiliate entity of DAD, Flamingo Beach Resort & Spa has been owned by Costa Rica-based Hotelera Playa Flamingo SA and managed by Driftwood Hospitality Management (DHM) since 2003.
A portion of the equity of Tan-Tar-A will now be syndicated via DAD’s investment platform. DAD will assist Margaritaville with the rebranding efforts for both properties.
Renovations are expected to commence immediately and will touch all facets of the properties, incorporating Margaritaville’s signature ‘casual-luxe’ design elements. The properties will remain open during the phased conversion, with Margaritaville and DAD providing support to the resort teams.