From St Louis Today: “Lake of the Ozarks’ Tan-Tar-A resort sold, rebranding as Margaritaville property”
Tan-Tar-A Resort, a popular Lake of the Ozarks hotel and conference center for more than a half-century, will undergo a multimillion-dollar renovation and be rebranded as a Margaritaville hotel, the chain of resorts named for singer Jimmy Buffett’s best-selling 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.
Its 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. Financial terms of the sale were not disclosed.