Amelia Island Plantation facts for kids
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| Subsidiary | |
| Industry | Hospitality and Real estate development |
| Founded | 1971 |
| Headquarters | Amelia Island, Florida |
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Key people
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Donald Stamets - Managing Director Mary O'Donnell - General Manager |
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Number of employees
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825 |
| Parent | Omni Hotels & Resorts |
Amelia Island Plantation (AIP) is a luxury resort community located on Amelia Island, Florida, the westernmost barrier island on the Atlantic Ocean in the U.S. The resort's tennis facility hosted the Bausch & Lomb Championships, a major Women's Tennis Association tournament, for 20 years. The 404-room hotel on the property is now part of Omni Hotels & Resorts.
Contents
Resort
The 1,350 acre community includes a 404-room hotel, nine restaurants, three golf courses and nearly two dozen Har-Tru clay tennis courts. The development has a total value of $1.95 billion when the 1,150 condominiums, 800 homes and unbuilt lots are counted.
History
Development of Amelia Island Plantation began in 1971 by the Hilton Head Island's Sea Pines Company in conjunction with Ian McHarg of the urban planning & design firm, Wallace, McHarg, Roberts & Todd. The emphasis was to develop the resort "in harmony with nature". To balance the development with the environment, a master plan was created and became part of the deed covenants that protected the tidal marshes, dunes, savannas and wildlife that existed there. A minimum 40-foot (12 m) buffer of natural vegetation was established for waterways.
Unfortunately, the original owners filed Chapter 11 bankruptcy in 1976. The resort was purchased in 1978 by a group of investors headed by Richard Cooper. The new owners took the name, Amelia Island Company (AIC), but the resort and company are synonymous. Over the next 30 years, the property was further developed and enhanced as a prestigious location. The hotel's name was changed from Amelia Island Plantation Hotel to Amelia Inn & Beach Club to its current "Omni Amelia Island Plantation" once Omni Hotels & Resorts purchased the real estate in 2010. It is a four-diamond AAA resort, which offers 80,000 sq ft (7,400 m2) of flexible space to accommodate meetings and conventions of up to 1,600 participants. AIP was host of a woman's professional tennis tournament beginning in 1980 which became the Bausch & Lomb Championships from 1987 to 2008. Many other events are hosted by the resort each year including a wine festival, golf tournaments and a jazz festival. The facility features 20 swimming pools, a full-service spa, kids' club and stocked fishing lake, situated between 3½ miles of white sand beaches and the Intracoastal Waterway, convenient for those with boats. Although longtime company president Richard Cooper died in 2008, the Cooper family retained ownership.
Economic downturn
The Late-2000s recession affected real estate and resorts significantly and AIP “suffered a substantial negative cash flow”, forcing the company to cut wages and layoff 25% of their workforce.
In January, 2009, Atlanta developer Redquartz Development announced an agreement to become majority owner of Amelia Island Plantation for $60 million, but by May, the deal was abandoned when Redquartz couldn't raise the cash. The company also contemplated the sale of the hotel and a couple of golf courses to Metropolitan Life Insurance Company, but a deal could not be reached.
The Amelia Island Company filed for Chapter 11 bankruptcy on November 13, 2009 (Friday the 13th) to buy time with its creditors while it completed a reorganization plan. The Plasencia Group served as investment advisor to the debtor.
AIC filed a reorganization plan in May, 2010 in which the Noble Investment Group would acquire AIC and invest $45.9 million to pay off debts and provide the capital needed to emerge from bankruptcy. Under the acquisition agreement, the Cooper family interests would receive up to $5 million, and homeowners would be able to buy ownership of one of the resort golf courses and of the clubhouse they currently use exclusively. On August 23, 2010, TRT Holdings, parent company of Omni Hotels, emerged as the successful bidder in an auction conducted in federal bankruptcy court. The transaction closed in early September 2012.
Tennis
Tennis is another big attraction at the Plantation. The resort is home to 23 Har-Tru clay courts shaded by tall southern live oak trees during the day and fully lit at night. The facility offers the Cliff Drysdale tennis instruction program and has been rated the 16th best tennis resort in the United States by Tennis Resorts Online and a Top 50 Tennis Resort by Tennis Magazine.
Fitness
The Plantation is also home to a high quality stand alone fitness center, including free and machine weight rooms; yoga and body tone classes, and aqua fit classes in the 20 yard heated indoor lap pool. The fitness center is also the host to weight loss programs modeled on the Biggest Loser TV show. There is also a smaller fitness center located in the Omni Hotel building.
