Margaritaville NYC obtains financing to move forward

From TheRealDeal.com: “Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Sharif El-Gamal has finally landed a construction loan for his Margaritaville hotel development in Times Square. The financing allows him to pay the investor who held the distressed note and complete construction of the ambitious project.

“On Friday, through the blessing of God, we got a $270 million loan,” said El-Gamal. “It’s a real case study in the intricacies of high-stakes real estate in New York.”

The loan is backed by senior lenders Related Fund Management (the debt arm of Related Companies) and investment bank Angelo Gordon, as well as mezzanine lender, South Korea-based Hana Bank. Related and Angelo Gordon did not immediately respond to a request for comment, but a source said the senior lenders provided $180 million in debt.

The project, a 234-key, 170,000-square-foot Margaritaville hotel at 560 Seventh Avenue, is expected to open at the end of 2020, and will top out at 30 stories. Musician Jimmy Buffett’s hotel chain agreed to sign on as building manager in April, and is also leasing the retail space.

Buffett adds Anaheim and Las Vegas to the 2019 Tour

Two more tour dates have been added to Jimmy Buffett and the Coral Reefer Band’s 2019 Son of a Son of a Sailor Tour

October 12, 2019 Honda Center Anaheim, CA
Tickets go sale Monday, March 4 at 10am PT on Ticketmaster.com
American Express Presale starts Tue, Feb 26 @ 10:00 am

October 19, 2019 MGM Grand Garden Arena Las Vegas, NV
Tickets go sale Monday, March 4 at 10am PT on Live Nation
AXS and Live Nation members Presale starts Mar 1st at 10AM PT

jimmy buffett chicago blackhawks

Buffett’s video to promote Chicago Blackhawks Margaritaville Night

Jimmy Buffett did a video to promote the upcoming Blackhawks Margaritaville Night at the United Center on February 22nd.

The Blackhawks will host a Margaritaville Night in the United Center Atrium on Friday, Feb. 22 from 4-6:30 p.m. ahead of the home game vs. the Avalanche. Blackhawks Margaritaville Night will feature live music, dancing, contests and giveaways celebrating National Margarita Day. This event is free to the public and the celebration will run during both intermissions.

Margaritaville Opening a New Hotel and Condo Resort in Belize

Margaritaville Holdings, the global lifestyle brand synonymous with fun and escapism, today announced a new condo resort on Ambergis Caye, Belize’s largest island. Opening in 2020, Margaritaville Resort Belize is located on the unspoiled northern end of the island and within the Bacalar Chico Marine Reserve – a UNESCO World Heritage Site. Overlooking the azure waters of the Caribbean, the resort will be comprised of 71 residences, two pools, signature Margaritaville food and beverage concepts and more.

“I am not a stranger to Belize. I have enjoyed the natural beauty of the country and extremely warm friendship of Belizeans for decades. Margaritaville and Belize have long shared the same attitudes, now we get to finally share the same latitudes,” said singer, songwriter and best-selling author Jimmy Buffett.

“Belize is the fastest-growing destination in the Caribbean and with good reason, as it really is one of the most beautiful places in the world,” added John Cohlan, chief executive officer of Margaritaville and Buffett’s longtime business partner. “We’re honored to partner with long-time pioneers and cherished members of the Belize community to build on a shared vision for the future of this incredible destination.”

Each of Margaritaville Resort Belize’s one- and two-bedroom residences will feature a consistent, casual-luxe design, a spacious veranda and come fully furnished with a kitchen. On-site amenities will include two pools, signature Margaritaville food and beverage concepts, and a beach sports center. A 400-foot pier will serve as the launching pad for kayaks, wave boards and Hobie Cat sailboats. With robust marine life and diverse eco-systems along the world’s second-largest barrier reef, Belize – and Ambergis Caye – are located within the Mesoamerican Biological Corridor, providing unparalleled water adventures.

Residential sales are now open at Margaritaville Resort Belize. For more information, visit www.MargaritavilleResortBelize.com.

Jimmy Buffett orlando opening

Buffett’s surprise show at the Margaritaville Resort Orlando

From the Orlando Sentinel: “Jimmy Buffett surprises Margaritaville Resort Orlando guests with concert

Island-style rocker Jimmy Buffett surprised guests with a pop-up performance at the recently opened Margaritaville Resort Orlando in Kissimmee on Tuesday.

During a roughly 30-minute set, the 72-year-old icon, dressed in green polo, khaki shorts and New Orleans Saints ballcap, played through a series of hits, including “Volcano,” “Pencil Thin Mustache” and, of course, “Margaritaville.”

In a video of the performance shared Wednesday, Buffett takes the stage and plays along with the crowd a little bit.

“I thought I’d cruise up to Orlando and see Margaritaville Orlando Resort and play for y’all and we’d have a good time having fun and making money,” he said at the mic.

The $800 million 184-room hotel, entertainment and water park complex, which sits on 300 acres just southwest of Walt Disney World’s Animal Kingdom theme park, opened officially last month.

Buffett showed off some of the charisma that has followed him during his more-than 45 years as a performer.

“I’ve been doing this a long time; this is the guitar’s first one,” he quipped.