Who Owns Lago Mar Resort?

By Alice Nichols

Lago Mar Resort is a stunning beachfront property located in Fort Lauderdale, Florida. This luxurious resort offers a wide range of amenities and activities for its guests, including two swimming pools, a private beach, tennis courts, and a full-service spa. However, many visitors to the resort may wonder who owns this beautiful property.

The Ownership of Lago Mar Resort

Lago Mar Resort is owned by the Banks family. Jack Banks Sr., a prominent businessman and philanthropist in Fort Lauderdale, purchased the property in 1959 with his wife, Mimi. The couple transformed the former estate into a resort and opened it to the public in 1960.

Today, Lago Mar Resort is still owned and operated by the Banks family. Jack Banks Jr., son of the founders, serves as the current owner and CEO of the resort. Under his guidance, Lago Mar has continued to thrive as one of the premier vacation destinations in South Florida.

The History of Lago Mar Resort

As mentioned earlier, Lago Mar Resort was originally purchased by Jack Banks Sr. in 1959. The property was once an estate owned by Clarence Busch (of Anheuser-Busch), who used it as a winter home for his family.

After purchasing the estate, Jack Sr. and Mimi spent months renovating it into a world-class resort destination. They added guest rooms to the main house and built several new guest buildings around the expansive property.

Over time, Lago Mar became known as one of the most luxurious resorts in South Florida. Celebrities such as Johnny Carson and Bob Hope were known to stay at Lago Mar when visiting Fort Lauderdale.

The Amenities at Lago Mar Resort

Today, Lago Mar Resort continues to offer top-notch amenities for its guests. In addition to its private beach and swimming pools, guests can enjoy several dining options, including the Acquario restaurant and The Soda Shoppe.

The resort also boasts a full-service spa with a wide range of treatments, including massages, facials, and body wraps. Fitness enthusiasts can take advantage of the resort’s tennis courts, fitness center, and yoga classes.

For families visiting Lago Mar Resort, there are several kid-friendly activities to enjoy. The resort offers a kids’ club with daily activities and games, as well as beach volleyball and basketball courts.

  • Private beach
  • Two swimming pools
  • Tennis courts
  • Full-service spa
  • Dining options including Acquario restaurant and The Soda Shoppe
  • Kids’ club with daily activities
  • Beach volleyball and basketball courts

The Future of Lago Mar Resort

Under the ownership of Jack Banks Jr., Lago Mar Resort has continued to thrive as one of the premier vacation destinations in South Florida. In recent years, the resort has undergone several renovations to update its guest rooms and amenities.

Looking ahead, Lago Mar plans to continue investing in its property to ensure that it remains a first-class destination for travelers. With its stunning oceanfront location and top-notch amenities, Lago Mar Resort is sure to remain a favorite among visitors to Fort Lauderdale for years to come.