DENVER, Colorado—Sage Hospitality Group introduced that Sage Investments entered right into a three way partnership settlement with Side Actual Property Group, Nook Lot, and Kelco Administration and Growth, closing on One Ocean Resort & Spa.
A resort in Atlantic Seashore, Florida, One Ocean Resort & Spa is located over 3 acres of oceanfront actual property. The property advantages from its location in Jacksonville Seashores. Sage has dedicated to a complete capital enchancment plan, together with an improve to all guest-facing areas and a repositioning of the resort in 2025 led by Sage Studio, the corporate’s graphic and inside design division. As a part of the settlement, Sage will oversee operations of the 193-room resort, the resort spa, and Azurea, the signature restaurant. The property shall be a part of Sage’s Unbiased Assortment, becoming a member of a bunch of 18 accommodations throughout the nation, together with Resort Van Zandt, The Crawford, Asbury Ocean Membership, and Shinola Resort.
“Rising our portfolio of unbiased, luxurious, and way of life accommodations is considered one of our major strategic aims in our quest to change into America’s favourite way of life hospitality firm, and One Ocean Resort & Spa is a noteworthy new addition as our first acquisition in Florida,” stated Daniel del Olmo, president of Sage Hospitality Group. “We see huge potential on this market and are dedicated to thoughtfully elevating the property by way of a big renovation in 2025. We couldn’t be extra grateful to be partnering with Nook Lot, Kelco, and Side on this thrilling funding.”
“Nook Lot is honored to assist deliver a best-in-class hospitality group in Sage to the Northeast Florida area. After our current success in partnership with Kelco on Downtown Jacksonville’s Home2Suites by Hilton, we’re thrilled to remodel considered one of Jacksonville’s most well-known property, the previous Sea Turtle Inn, right into a world-renowned vacation spot resort,” stated Nook Lot CEO Andy Allen. “Jacksonville is prepared for world-class hospitality and experiences. We’re excited to be doing our half with this newly established partnership.”
Side Actual Property Group is a non-public industrial actual property funding agency based mostly in Jacksonville, Florida, and led by principals Alex Cranberg, Cathy Cranberg, and Tripp Gulliford. “Together with different devoted native traders and two famend working companions, we’re thrilled to reclaim One Ocean, not simply as a resort, however as a cherished neighborhood gem. With unwavering dedication, we’ll additional elevate this beachfront resort making certain it stays a spot the place all of us love to remain, play, and dine,” stated Alex and Cathy Cranberg, of Side Holdings.
Between Amelia Island, Ponte Vedra and St. Augustine, One Ocean Resort & Spa is an oceanfront vacation spot. The 193 guestrooms replicate the oceanfront setting, with customized beds and layouts, a lot of which supply personal balconies. Friends can discover Atlantic Seashore or the Seashores City Heart. The Spa at One Ocean presents a variety of remedies together with massages, wraps, facials, and extra.
As a part of the transition, the staff at Sage Restaurant Ideas will oversee all meals and beverage operations at One Ocean Resort. This consists of the signature restaurant Azurea, with a seafood-focused menu, in addition to the Foyer Espresso and Wine Bar, poolside eating, in-room eating, and occasions. One Ocean Resort has greater than 10,000 sq. ft of occasion area, together with out of doors areas.
