Are you curious about who owns Largo Resort? This exclusive and luxurious resort is tucked away in the Florida Keys and has become a popular destination for those seeking a peaceful and private getaway. In this article, we will explore the ownership of Largo Resort and provide you with the information you have been searching for.
History of Largo Resort
Largo Resort was originally built in 1949 as a fishing resort called “The Largo Lodge.” Over the years, it underwent numerous renovations and upgrades before being sold to its current owners. Today, it is a beautiful resort that boasts world-class amenities, including private beaches, luxurious villas, and stunning ocean views.
The Ownership of Largo Resort
Largo Resort is currently owned by billionaire businessman John Paulson. Paulson made his fortune in finance and is known for his successful hedge fund management. He purchased the property in 2014 for $55 million.
While Paulson is the owner of Largo Resort, he has entrusted its management to Island Company Hospitality Group. This company specializes in luxury hospitality management and has been responsible for overseeing all aspects of the resort’s operations since 2014.
Why Did John Paulson Purchase Largo Resort?
It’s unclear why John Paulson decided to purchase Largo Resort specifically. However, it’s no secret that he has a passion for real estate investing. In addition to owning Largo Resort, he also owns several other high-end properties across the United States.
Some speculate that Paulson was drawn to Largo Resort’s location in the heart of the Florida Keys. The resort offers guests an escape from city life with its serene environment and stunning natural beauty.
The Future of Largo Resort
There are no indications that John Paulson plans on selling Largo Resort anytime soon. In fact, since purchasing the property, he has invested millions of dollars into renovating and upgrading the resort’s infrastructure.
Island Company Hospitality Group has also been working to expand and improve the resort’s offerings. In recent years, they have added new dining options, a fitness center, and more beachfront activities for guests to enjoy.
Conclusion
In summary, Largo Resort is currently owned by billionaire businessman John Paulson. While it’s unclear why he purchased the property specifically, he has entrusted its management to Island Company Hospitality Group. The future of Largo Resort looks bright as both Paulson and Island Company Hospitality Group continue to invest in its growth and development.