From Virgin Islands Daily News “Buffett, Wyndham share vision of Margaritaville”
Jimmy Buffett has a long, colorful history with the Virgin Islands, but Friday he started a new chapter by officially launching the first Margaritaville timeshare resort.
Buffett and Wyndham Vacation Ownership President and Chief Executive Officer Franz Hanning officially unveiled the first rendering of the new resort to a small crowd of St. Thomas government officials and members of the business community.
Buffett is partnering with Wyndham to open the 262-unit resort, located at the former Renaissance Grand Beach Resort in Smith Bay on St. Thomas.
The hotel property has been abandoned for years, and Wyndham plans to invest $90 million to transform it into the flagship Margaritaville Vacation Club by Wyndham property.
Friday’s reception took place at Penga, the Point Pleasant Resort restaurant that overlooks the site of the new Margaritaville resort.
Kicking off his flip-flops, Buffett picked up his guitar and sang three songs – “Boat Drinks,” which he said was inspired by a trip to St. Thomas; “Volcano”; and, of course, “Margaritaville” – to the small crowd as the sun began to set over Water Bay.