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Miami-based Driftwood Acquisitions and Development LP is working with Margaritaville Holdings to transition Lake of the Ozarks’ largest resort to leisure-focused branding.Photo courtesy TAN-TAR-A RESORT
Miami-based Driftwood Acquisitions and Development LP is working with Margaritaville Holdings to transition Lake of the Ozarks’ largest resort to leisure-focused branding.

Photo courtesy TAN-TAR-A RESORT

Tan-Tar-A rebranding as Margaritaville

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Miami-based Driftwood Acquisitions and Development LP is shifting Tan-Tar-A Resort in Osage Beach to the Margaritaville brand.

Privately held investment firm DAD recently purchased the 500-room property along 1,150 miles of Lakes of the Ozarks with joint venture partner Sefira Capital, a Miami-based investment boutique firm that focuses on commercial real estate acquisition and development. Terms of the deal with Bethesda, Maryland-based CWCapital were not included in a news release.

DAD is working with Margaritaville Holdings to transition Lake of the Ozarks’ largest resort to the leisure-focused branding. Renovations are expected to start immediately to incorporate Margaritaville’s “casual-luxe” design elements. The resort will remain opened during the phased renovation process.

"The Tan-Tar-A acquisition has helped us reach our 2017 growth goal already, just halfway through the year,” DAD CEO Carlos Rodriguez said in the release.

Tan-Tar-A’s amenities include 91,000 square feet of event space, 27 golf holes across two courses, a 20,000-square-foot indoor water park, a 103-slip marina, a spa and salon, horseback riding and various sports facilities.

The resort is slated to become Tan-Tar-A, a Margaritaville Resort, by May 2019, according to the St. Louis Post-Dispatch.

Inspired by Jimmy Buffett, Margaritaville has nine resorts and hotels, more than 60 food and beverage spots, four gaming locations and 20 projects in development, according to the release.

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