Palmetto Dunes Resort is a stunning vacation destination located on Hilton Head Island in South Carolina. The resort offers a wide range of activities, including golfing, tennis, kayaking, fishing, and more.
But the question on everyone’s mind is – who owns Palmetto Dunes Resort? Let’s take a closer look.
History of Palmetto Dunes Resort
Palmetto Dunes Resort was first developed in the early 1970s by Charles Fraser, a visionary developer who also created the Sea Pines Plantation on Hilton Head Island. Fraser saw the potential for Palmetto Dunes to become a world-class destination, and he spared no expense in creating a resort that would attract visitors from all over the globe.
The Evolution of Ownership
Over the years, ownership of Palmetto Dunes has changed hands several times. In 1986, the resort was sold to Greenwood Communities and Resorts, a company founded by James C. Self III. Self recognized the potential of Palmetto Dunes and invested heavily in expanding and improving the resort.
In 2006, Greenwood Communities and Resorts sold Palmetto Dunes to The Resort Group (TRG), which was founded by Thomas G. Cousins. TRG continued to invest in the resort and made significant improvements to its amenities and facilities.
In 2013, TRG sold Palmetto Dunes to an affiliate of Northview Hotel Group, which is based in Connecticut. Northview is a real estate investment firm that specializes in acquiring and managing hospitality properties.
The Current Owner
Today, Palmetto Dunes Resort is owned by an affiliate of South Street Partners based in Charlotte, North Carolina. South Street Partners is a private equity firm that specializes in acquiring and developing residential communities and resorts.
Conclusion
While Palmetto Dunes Resort has changed hands several times over the years, its current owner, South Street Partners, is committed to maintaining the resort’s status as a world-class destination. Visitors can continue to enjoy all that Palmetto Dunes has to offer, from its beautiful beaches and world-class golf courses to its top-notch amenities and facilities.