App sale

Sea Oaks Golf Resort in Little Egg Harbor Gets New Owner, Renovation

LITTLE EGG HARBOR — A renowned Sea Oaks golf resort will reopen in June under new ownership with plans for a multimillion-dollar upgrade to its rooms and restaurants.

The resort is now LBI National Golf & Resort following its purchase by Accountable Equity, owners and operators of Renault Winery Resort and Vineyard National Golf Course in Egg Harbor.

The company bought the property, including its 194-acre, 18-hole golf course, inn, country club, restaurants and bars, in a deal valued at more than $6.5 million. dollars.

Sea Oaks closed in March 2021 after filing for bankruptcy. Atlantic Homes Inc., which held the mortgage on the golf course, bought out its assets in bankruptcy. The golf course was then put up for sale.

Scenes from the Ocean County Tournament at Sea Oaks Country Club in Little Egg Harbor on Monday, April 15, 2019.

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In a statement, Accountable Equity said it plans to reopen with a new name, LBI National Golf & Resort, in June as a public golf course. He will soon announce plans for a hotel, restaurants, and wedding and event venues.

“We are thrilled to have Sea Oaks Golf Resort as part of the VIVÂMEE Signature Collection,” Josh McCallen, Founder and Managing Director of Accountable Equity, said in a statement.

“We believe our blend of hospitality culture and development expertise uniquely positions us to deliver huge long-term dividends to Sea Oaks in the years to come as we grow,” the CEO continues. communicated.

Sea Oaks Golf Resort in Little Egg Harbor, purchased by the owner of Renault Winery Resort, is now the LBI National Golf & Resort.

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The property includes an inn with 31 rooms and suites, a 35,000 square foot country club, banquet space, two restaurants, three bars, an outdoor dining space, an 18-hole championship golf course, and a driving range overlooking the Atlantic City skyline.

Barbara Balongue of Villanova, Pa. Balongue Design has been tasked with leading a $4.5 million renovation, beginning immediately, including upgrades to guest rooms, entertainment areas, bars and restaurants, the company said. .

Accountable Equity said the reopening of the golf course would bring 25 to 30 jobs back to Ocean County with the potential to create an additional 175 positions by next year.

Sea Oaks Golf Resort in Little Egg Harbor, purchased by the owner of Renault Winery Resort, is now the LBI National Golf & Resort.

David P. Willis, an award-winning business writer, has covered business and consumer news at the Asbury Park Press for more than 20 years. He writes’s What’s Going There column and can be reached at [email protected] Join his What’s Going There page on Facebook for updates.