Tan-Tar-A to be renovated and re-branded into Margaritaville

According to a press release, Tan-Tar-A Resort in Osage Beach has been sold and will be rebranded as Margaritaville.

Tan-Tar-A was recentlybought by DAD, a privately held investment firm specializing in the acquisition and development of hotel assets, with JV partner Sefira Capital.

A portion of the equity of Tan-Tar-A will now be syndicated via DAD’s investment platform. DAD will assist Margaritaville with the rebranding efforts for both properties.

“It’s a dream come true for us to partner with Margaritaville, as we help to rebrand Tan-Tar-A and Flamingo Beach,” said Carlos Rodriguez, chief executive officer of DAD. “The Tan-Tar-A acquisition has helped us reach our 2017 growth goal already, just halfway through the year, and Flamingo Beach has been near and dear to my heart for a very long time. We’re excited to get underway, working together with the Margaritaville team to help travelers create unforgettable memories in the Midwest and Costa Rica.”

Renovations are expected to start immediately and the properties will remain open.