Trio Joins Forces to Purchase, Restore Iconic Resort on FL Gulf Coast

Timbers Company, Wheelock Street Capital and The Ronto Group have jointly acquired South Seas Island Resort on Captiva Island along Florida’s Gulf Coast.

Wheelock Street Capital, a private investment firm, will provide the capital for the transaction while The Ronto Group will be partnering with Timbers for the development of the property. Wheelock and Ronto have already paired up on the development of more than 700 condominium units on the west coast of Florida

“As a native Floridian and having vacationed on both Sanibel and Captiva growing up, I have an immense appreciation for just how special this resort is to all the generations that have visited over the last several decades,” said Timbers CEO Greg Spencer. “We plan to elevate the guest experience with expanded services and amenities while working on future plans to reimagine and restore the famed South Seas Island Resort to its original grandeur.”