1754 Properties, a South Florida-based owner and manager of hotels, has acquired TradeWinds Island Resorts.
ST. PETE BEACH, FL — 1754 Properties, a South Florida-based owner and manager of hotels, has acquired TradeWinds Island Resorts. The sale includes the 25.5-acre TradeWinds Island Grand, the largest beachfront resort in St. Pete Beach, and the 5.9-acre RumFish Beach Resort by TradeWinds, home of the popular RumFish Grill restaurant.
“1754 and its investment partner are uniquely well suited to continue the great legacy of TradeWinds. The resort is in excellent hands, and its guests, the resort’s team members and the city of St. Pete Beach should be excited about their involvement,” said Tim Bogott, CEO of Fortune Hotels, the seller.
The properties will continue to function as two resorts, with the “stay at one – play at two” concept.
“Our new investment will provide additional resources to further enhance the resort’s widespread appeal and position TradeWinds as one of the top beach resorts in the country,” said Joseph Smith, CEO and founder of 1754 Properties. “The future of the property is secure and we are eager to move ahead and to continue improving the guest experience for our customers.”
Details on the financial transaction were not released. The resort still will be operated as an independent resort.
“We couldn’t be more pleased to meet and welcome home our loyal customers who have stayed at Tradewinds year after year,” said Alexander Galewicz, partner of 1754 Properties.