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Buccaneers chairman’s group buys St. Pete Beach resort for $84.2M
The historic Dolphin Beach Resort in St. Pete Beach is now owned by Tampa Bay Buccaneers co-owner and co-chairman Bryan Glazer.
The SCG Beach Hospitality LLC, which is owned by Glazer, purchased the resort in an $84.2 million deal from Dolphin Holdings Limited Inc., according to Pinellas County records.
The buyer also took out a $58.5 million mortgage from the Fifth Third Bank National Association.
The 173-room resort at 4900 Gulf Blvd. is a three-star property that is located directly on the beach and boasts a handful of amenities. It was first built in 1966 and offers balconies overlooking the Gulf and cabana rentals at its pool.
The Dolphin Beach Resort on St. Pete Beach, seen from Gulf Boulevard. GoogleEarth.
“We have believed in the international appeal of the St. Pete Beach market since we arrived in the area in 1981, when we acquired the Dolphin Beach Resort,” Dolphin Holdings Limited President Nizar Lakhani said in a news release from the Plasencia Group, a Tampa-based hospitality investment advisory firm working with SCG Beach Hospitality.
“We are pleased to be passing on the keys to the resort to Shanna and Bryan Glazer, a well-respected local family who we know will be great stewards,” he continued.
The Glazers plan to renovate the resort.
“St. Pete Beach is the No. 1 beach in the United States, and we think that the future will only get better for the area,” Bryan Glazer said. “We look forward to maximizing the potential that we believe the Dolphin Beach Resort offers.”
Nick Plasencia and Chris Plasencia facilitated the transaction of the Dolphin Beach Resort.
It’s the second resort the Glazers have acquired in the area. In 2018, the group acquired The Vinoy Resort and Golf Club in Downtown St. Petersburg.
Kathy
April 7, 2023at12:58 pm
Love this beach and resort!! Was just there and renovations are taking place … looks great so far and can’t wait to return when completed!
… ALSO: there were no signs to keep out while I was there and walked the beach extensively – public beach is literally next to the resort if you’re not a resort guest .. 😎
Mae
August 22, 2022at12:57 pm
I’m actually sitting at the tiki bar at the Dolphin Beach Resort right now and there are NO signs whatsoever keeping “outsiders” off the beach. We love it here and really hope the new owners don’t make extreme changes to make it more expensive. I love walking out of my room directly to the beach, what a view to wake up to.
Debbie
July 7, 2022at1:20 pm
Ads, The residence of Saint Pete Beach are not of consideration to the new owners. They have private keep out signs all the way to the Water’s edge. St Pete residence can’t even walk on the beach in front of the resort.
Debbie
July 7, 2022at1:16 pm
It’s super hard to wish them well when they have blocked the entire beach from public use. A person can’t even put a chair at the waters edge and put their toes in the sand without being told to move by a very rude man. It’s sad for Saint Pete Beach that this is happening. They have signs all the way up and down both sides of the property – all the way to the waterline stating private property keep out. There’s no reason for this. The beach is plenty big enough to allow a person to put a chair down at the water’s edge.
Randy Kveton
June 29, 2022at3:59 pm
This is both VERY exciting, and VERY sad at the same time. Our family has vacationed at this Resort for the past 11 years. In fact, every year I would tell Iman and Linda “if you ever want to sell this Resort, please let me know”… We LOVE this place, and although we hate to see a change in ownership, we are pleased to know they are keeping the TEAM that has made Dolphin Beach Resort so successful. We wish the Glazer’s the BEST OF LUCK and can’t wait to see the renovations they are planning. I have many ideas, should you need any… LOL!
Dave Feddon
May 25, 2022at3:49 pm
Shanna and Bryan Glazer, congratulation on your purchase in our beautiful community. I for one, look forward to your continued investment and evolvement in St Pete Beach.
Ada capellan
May 25, 2022at3:38 pm
I hope that i residents of St. Petersburg get the chance to enjoy the resort at some kind of discounted prices sometimes. It is sad how things at the beach areas are so overt price that only tourist or rich people could enjoy it