Accountable Equity recently announced the acquisition of Sea Oaks Golf Resort in Ocean County, New Jersey. In a transaction valued at over $6.5 million, this opportunity will energize the Mid-Atlantic drive-to-resort market, offering a wider variety of award-winning destinations and experiences for golf enthusiasts , residents and visitors.
As part of the deal, Accountable Equity, owners and operators of the highly successful Renault Winery Resort and Vineyard National Golf Course in Egg Harbor, also hinted at plans for the new acquisition.
Opening as LBI National Golf & Resort in June 2022 in time for the summer season as a public course, future plans for a hotel, restaurants as well as wedding and event venues will be announced soon. The reopening of the golf course will bring between 25 and 50 jobs back to Ocean County and could create an additional 175 positions in the county by next year.
“We are thrilled to have Sea Oaks Golf Resort as part of the VIVÂMEE Signature Collection,” said Josh McCallen, Founder and CEO of Accountable Equity. “We believe our blend of hospitality culture and development expertise places us in a unique position to deliver huge long-term dividends to Sea Oaks in the years to come as we grow.”The property consists of an inn with 31 rooms and suites, a 35,000 square foot country club, banquet space, two restaurants, three bars, an outdoor dining area, as well as an 18-hole championship golf course and driving range with nighttime views of Atlantic City. .Barbara Balongue of Balongue Design Inc has been tasked with leading a $4.5 million renovation, beginning immediately, including upgrades to guest rooms, entertainment areas, bars and restaurants.As a VIVÂMEE Signature Collection resort, LBI National Golf & Resort’s rebirth vision will focus on the prestigious 194-acre golf course, bespoke weddings and one-of-a-kind events. practice facility, driving range, practice bunker and practice green. LBI National is located one hour from Philadelphia, 30 minutes from Atlantic City and less than 20 minutes from Long Beach Island, ideal for commuting to car or vacation in the city. Today’s customers yearn for exceptional destinations and genuine hospitality. It’s not just about operating hotels. It is an intimately human service that cherishes the souls of the customers and the team we trust to serve them, all of which are essential to achieving our goals,” added McCallen. .Accountable Equity, owners of Renault Winery Resort, in Egg Harbor City, NJ, and Kent Island Resort, Stevensville, MD, posted record year-over-year growth over the past year. As a leading private resort development company with over 200 employees, Accountable Equity has led two multi-million dollar investment programs in two VIVÂMEE Signature Collection resorts; continues to transform them and deliver new levels of exciting experience-driven resorts.
For more information about LBI National Golf and Resort, visit www.lbinational.com and follow @lbinational on social media.
To learn more about other Accountable Equity properties, visit: Renault Winery Resort and Vineyard National Golf Course
www.renaultwinery.comKent Island Resort
www.kentislandresort.comABOUT ACCOUNTABLE EQUITYACCOUNTABLE EQUITY is an integrated development, management and private equity firm. Our mission is to provide accredited investors with access to some of the most attractive private offerings available today. Our goal is to be responsible for the equity entrusted to us by our investment partners. We are committed to providing our investor partners with a level of management and development expertise that is typically only available to larger family offices and institutional investors. Today, the accredited investor seeks to participate in alternative investments that go beyond publicly traded stocks. For more information about Accountable Equity, its products and services, visit www.accountableequity.comABOUT RENAULT WINERY RESORT Renault Winery Resort is America’s second oldest winery, blending legendary hospitality with centuries-old wine traditions. Founded in 1864, Renault is a VIVÂMEE Signature Collection Resort, proudly welcoming guests from all over the world, offering authentic and intimate hospitality that rekindles the soul. Home to artisanal cuisine, unique events, festivals and a world-class Vineyard National golf course, Renault welcomes more than 250,000 guests and visitors a year. European elegance and endless adventures await you at www.renaultwinery.com
Photo credit: Courtesy of Renault Winery Resort