Located in Haines City, Florida, Grenelefe Resort is a popular vacation destination that boasts of unparalleled luxury and comfort. However, many people often wonder who owns this magnificent resort. In this article, we will explore the ownership of Grenelefe Resort and answer some of the most frequently asked questions about its ownership.
The History of Grenelefe Resort
Grenelefe Resort was established in the early 1970s by a group of investors led by William J. Levitt, who was also the founder of Levitt & Sons. The resort was designed as a golf-centered community that would cater to both residents and tourists. Over the years, it has undergone several changes in ownership and management.
Who Currently Owns Grenelefe Resort?
As of 2021, Grenelefe Resort is owned by McLean Company Investments, a private investment firm based in Scottsdale, Arizona. McLean Company Investments acquired the resort in 2019 from Legacy Vacation Resorts, which had owned it since 2014.
Previous Owners of Grenelefe Resort
Grenelefe Resort has changed hands several times over the years. After its initial establishment in the 1970s, Levitt & Sons sold the resort to an investment group led by Richard Jaffe in 1984. Jaffe’s group owned the resort until 1993 when it was sold to Club Corporation of America (CCA), a company that specializes in owning and managing golf and country clubs.
CCA owned Grenelefe Resort for nine years before selling it to LandMar Group LLC in 2002. LandMar Group LLC was a real estate development company that had interests in several other properties across Florida. However, LandMar Group LLC filed for bankruptcy in 2008 due to financial difficulties arising from the global financial crisis.
After the bankruptcy, Sun Capital Partners, a private equity firm, acquired LandMar’s assets, including Grenelefe Resort. Sun Capital Partners owned the resort until 2014 when it was sold to Legacy Vacation Resorts.
Conclusion
Grenelefe Resort has had an interesting ownership history over the years. From its establishment by William J. Levitt in the 1970s to its current ownership by McLean Company Investments in 2021, the resort has changed hands several times. Despite these changes in ownership, the resort has remained a popular vacation destination for tourists and residents alike.