Accountable Equity, the parent company of Renault Winery Resort in South Jersey, has acquired Sea Oaks Golf Resort in Ocean County, New Jersey. In a transaction valued at more than $6.5 million, the opportunity will energize the mid-Atlantic resort market, offering a greater 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 as a public course, plans for a hotel, restaurants and 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 has the potential to 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 the 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.
Golfers looking to hit the links will also benefit from the investment in the property and the return of the expert 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, perfect for driving or a city vacation.
“Today’s customer desires exceptional destinations and authentic 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, continuing to transform them and deliver exciting new resorts experience-based.
Marilyn Johnson is a freelance food and travel writer. Philadelphia food scene, South Jersey, the greater Mid-Atlantic region, and beyond.