Famed Captiva resort opening in February 2006
The grand dame of Southwest Florida resorts, South Seas, is rising from the rubble of Hurricane Charlie and is accepting reservations for its re-opening in February, 2006.
Charley washed and blew much of the 600-unit resort down to the foundation, so owners MeriStar Hospitality Corp. and dozens of individual unit owners agreed to pour more than $140-million into a 17-month rebuilding. Most of the bill is supposed to be paid by insurance, but how much is being negotiated.
"The result is a brand new property," said Chris van der Baars, general manager of the resort once known as South Seas Plantation. "It's so different that sometimes I end up in a spot where I have to wonder for a second exactly where I am and what it used to be."
South Seas is a specialplace for me as it was during a vacation at this resort that I discovered the real estate investing opportunities that exist in SW Florida. I am amazed at just how many SW Floridians first exposure to the region was a vaction at South Seas.
Captiva resort reborn after Hurricane Charley damage
[St. Petersburg Times]