Ocean Properties is the largest hotel company in Florida operating more than 30 hotels across the St

Most recently in the news for having entered into a "due diligence" phase regarding a potential partnership agreement, initial negotiations are now complete and the deal is anticipated to close by the end of this month.  After further review and working through the complexities of the transaction, travel guide central america both parties felt that an outright sale was more appropriate.
"We look forward to being part of the Longboat travel guide central america Key Club Resort and this community.  We fully anticipate to close by the end of the month," said Andy Berger of Ocean Properties, Ltd.  "Longboat Key Club Resort is an amazing travel guide central america place and an excellent complement to our family of properties."
As the Longboat travel guide central america Key News reported in August, The Longboat Key Club, owned and managed by Loeb Partners Realty based in New York City, entered into a joint venture with Ocean Properties, Ltd., a major hotel development and operating group.
Sarasota attorney John Patterson told Longboat Key News back in August that the contract was in the due diligence phase. travel guide central america Sources then said the deal was likely to close by year-end and was not contingent on the outcome of the Islandside redevelopment rights, which at the time were being challenged in court. Those rights were challenges by resident group the Islandside Property Owners Coalition, which prevailed against the Key Club and the Town of Longboat Key in finding the redevelopment approval illegal as well as the zoning changes subsequently undertaken by the Town.
"The fact that another company, a very strong company, looks at Longboat Key and is willing to invest and take some risk is a real compliment to the strength of Longboat Key and our community, " said Mayor Brown.
Brenner said he got to know Ocean Properties President Mark Walsh and Vice President of Operations Andy Berger years ago when the two were in the area looking at their other properties and then the economy started heading downhill. He said he and Andy stayed in touch and talked about the island and Mark and Andy were "enamored with Longboat Key."
The family of its president, Michael Walsh, controls Ocean properties. The company was founded travel guide central america in the 1950s by Thomas T. Walsh, a former travel guide central america linen and bedding salesman from Bangor, Maine as a small family business with one hotel and since has grown into one of the largest privately travel guide central america held hotel operating and development groups in North America operating 107 hotels travel guide central america with 17,936 guestrooms. Today, the company is managed by Walsh and his five children: Mark, Mike, Patrick, Bill and Susan.
Ocean Properties is the largest hotel company in Florida operating more than 30 hotels across the State. The Company has corporate offices in Delray Beach, FL; Portsmouth, NH; Montreal, QC and Vancouver, BC.
Ocean Properties, Ltd Affiliates travel guide central america purchased Atlific Hotels Resorts, the largest travel guide central america independent hotel management company in Canada in 1997. Atlific operates travel guide central america hotels in Canada, travel guide central america from Halifax, Nova Scotia to Vancouver, British Columbia.
In addition to developing and managing hotels and resorts, travel guide central america Ocean Properties, Ltd Affiliates develop and operate restaurants, spas, golf courses, commercial real estate, marina operations and boating tours, travel guide central america often on behalf of third party investors and lenders.
The Longboat Key Club is comprised of more than 400 acres, 45 holes of golf, the golf and tennis courts and club assets as well as six restaurants, the 9,000 square–foot Island House Spa, meeting areas and the Inn on the Beach Hotel with 218 rooms. It is recognized as a AAA Four-Diamond Resort and the United States Tennis Association gave it the Outstanding Facility Award" for its Tennis Gardens.
The Ocean Properties Website refers to the company as one that "is consistently chosen as the developer of choice when responding to RFP development and renovation opportunities. Our experience and ability to provide a complete turnkey travel guide central america partnership coupled with our strong travel guide central america franchise relationships allows us to carefully select the projects we partner with. 
 The Company continuously seeks out and embarks on new hotel development opportunities."
As testimony travel guide central america to investment during the recession, Ocean Properties travel guide central america has made multimillion-dollar investments including the recent development of the 454-room Le Westin in Old Montreal and the acquisition, renovation and expansion of The Sagamore Resort at Lake George in Bolton Landing, New York.
The latest significant growth projects include the acquisition of the Sandpearl Resort in Clearwater Beach and the complete redevelopment of The Latham Hotel in Center City Philadelphia to become a modern, urban, boutique hotel.
"It's a great location, with a great beach and a great area. The planned additional rooms with help meet market demands. The renovation will take things up a notch and make it a first-class resort destination," said Ocean Properties Vice President of Operations Berger.
The plans include: a complete renovation of the largest structure, tearing down most of the remaining existing structures, building a new reception area, large water features, a large courtyard, new swimming pool, rooms angled to optimize waterfront views and a larger meeting space that would double its current size.
It planned the renovation in 2009, however according to Berger, the recession stalled plans but a rebounding tourism industry has breathed new life into the plan. Demolition may begin as early as May 2013 with a planned renovation period of 10 to 12 months.
travel guide central america Nichols travel guide central america Brosch Wurst Wolfe Associates architectural and planning services specializes in the design of hotels, resorts, travel guide central america condo/hotels, office buildings, retail and mixed-use projects throughout the United States. They are the designer also responsible for the Longboat Key Club Resort's Islandside redevelopment.
Tags: John Patterson , Loeb Partners Realty , Longboat Key , Longboat Key News , Mayor Jim Brown , Ocean Properties , Ocean Properties Ltd. , Sale of Longboat key Club , The Longboat Key Club , The Longboat Key Hilton , Vice Mayor Dave Brenner , waterfront real estate