South Street Partners and Dream Finders Homes Join Forces to Acquire Iconic Sawgrass Marriott Resort & Spa

Major Acquisition in Florida's Premier Golf Destination

In a strategic move that underscores the growing trend of collaborations in the real estate sector, South Street Partners and Dream Finders Homes have announced their acquisition of the Sawgrass Marriott Golf Resort & Spa, located in the prestigious Ponte Vedra Beach, Florida. This impressive property spans 66 acres and sits adjacent to the iconic TPC Sawgrass Stadium Course, home to the renowned THE PLAYERS Championship, which has been held annually since 1982.

Details of the Acquisition

The acquisition was facilitated by a joint venture that includes leading figures from both firms and select equity partners. The announcement marks a significant milestone for the joint venture, which aims to enhance the property’s offerings substantially. The Sawgrass Marriott boasts 351 hotel rooms, 163 villa keys, extensive conference spaces, nine dining venues, and a luxurious 25,000-square-foot spa and fitness center. Additionally, the property features a two-acre oceanfront Cabana Beach Club that is particularly popular among local members.

As guests enjoy their stay, they will also have the exclusive opportunity to book tee times for the TPC Sawgrass's two championship golf courses – the Stadium Course and Dye's Valley Course – up to 12 months in advance. This privilege will surely attract golf aficionados looking to experience a true championship course firsthand.

Ambitious Renovation Plans

In line with the acquisition, the joint venture has laid out ambitious plans for a comprehensive renovation of the Sawgrass Marriott Resort & Spa. The vision is to elevate the guest experience through modern design and upgraded amenities. Henry Armistead, Principal at South Street Partners, expressed excitement about this acquisition, noting that it aligns perfectly with their strategy of expanding hotel portfolios in prime locations within the Southeast U.S.

Given the resort's close proximity to Florida's magnificent beaches, guests can also indulge in various recreational activities while enjoying the serene coastal backdrop. The area surrounding Ponte Vedra Beach is renowned for its beautiful sands that blend relaxation with activity, including golf, tennis, and water sports.

The Legacy of Ponte Vedra Beach

Ponte Vedra Beach, often referred to as the jewel of Florida's Historic Coast, is not only a premier golf destination but also rich in history, culture, and natural beauty. With extensive recreational opportunities, visitors can explore the famed Intracoastal Waterway – providing excellent options for boating, fishing, and fine dining. Many residents and travelers also take advantage of the area's Anguilla-like pink hues of unspoiled beaches, thanks to coquina shells that lay embedded in the sand.

The acquisition of this enviable resort adds significant value to South Street Partners' already impressive portfolio, which includes several of the country's most cherished residential communities and resorts. This position further solidifies South Street as a heavyweight in the hotel and resort real estate sector.

Founded in 2009, South Street has invested over $1.7 billion in various property types, consolidating its reputation as a leading firm with diverse expertise alongside its equity partners.

The Future of Dream Finders Homes

On the other hand, Dream Finders Homes, a company recognized as the National Builder of the Year by Builder magazine in 2025, focuses on developing single-family homes across multiple states, including Florida, Texas, Tennessee, and others. The firm is noted for its asset-light model and commitment to excellence in both homebuilding and community service.

Their role as the Official Home Builder of the PGA TOUR and their affiliation with the Jacksonville Jaguars signify their influence and reputation in the market.

Overall, this acquisition marks a new chapter for the Sawgrass Marriott Golf Resort & Spa, promising exciting developments and enhanced experiences for guests in the years to come.

Conclusion

As this joint venture takes shape, industry watchers will be keen to see how South Street Partners and Dream Finders Homes transform the Sawgrass Marriott Golf Resort & Spa into a leading destination for both leisure and business travelers alike. Their commitment to enhancing guest experiences in a historically rich and beautiful location bodes well for the future of hospitality in Ponte Vedra Beach.