Margaritaville Resort is a popular hospitality brand that offers a unique tropical experience to its guests. It is known for its laid-back atmosphere, relaxing ambiance, and fun-filled activities that cater to all age groups.
But have you ever wondered who owns Margaritaville Resort? Let’s find out.
History of Margaritaville Resort
Margaritaville Resort was founded by Jimmy Buffet, a famous American musician, and songwriter. Buffet is known for his love for tropical music and island-themed lifestyle.
He started the brand in 1985 with the opening of his first restaurant in Key West, Florida. The restaurant was named after one of his hit songs ‘Margaritaville’.
Over the years, Margaritaville has expanded into different ventures such as hotels, resorts, casinos, and even an online store that sells merchandise related to the brand.
Who owns Margaritaville Resort?
In 2015, Margaritaville Holdings LLC was formed as a partnership between Jimmy Buffet and two other investors – John Cohlan and Bradenton businessman John Scott. Cohlan is the CEO of the company while Buffet serves as its Chief Parrothead Officer (CPO).
Since then, Margaritaville has grown into a global brand with over 20 properties across different countries including the United States, Mexico, Jamaica, and the Bahamas.
Margaritaville Holdings LLC
Margaritaville Holdings LLC is a privately held company that operates under three main divisions – Hospitality, Lifestyle Products, and Media. The Hospitality division includes hotels, resorts, casinos, restaurants while Lifestyle Products offer merchandise such as clothing, accessories inspired by the brand’s tropical lifestyle.
The media division includes radio shows on SiriusXM radio hosted by Jimmy Buffet himself called ‘Radio Margaritaville’. The brand also has its own television network called ‘Margaritaville TV’ which broadcasts shows related to the brand’s theme.
Conclusion
In conclusion, Margaritaville Resort is owned by Jimmy Buffet and his partners John Cohlan and John Scott through their company Margaritaville Holdings LLC. The brand has become a global phenomenon with its laid-back tropical lifestyle and unique hospitality experience. If you’re looking for a relaxing vacation with a fun-filled atmosphere, Margaritaville Resort should definitely be on your bucket list.