Margaritaville Holdings and Premier Development Group Sign Agreement for New Destination Resort in Panama City Beach

Margaritaville Beach Resort, Panama City Beach to Open in Spring 2021

Panama City Beach, Fla. – November 14, 2018 – Margaritaville Holdings and Premier Development Group today announced that they have entered into a partnership to develop a new destination resort on the sugar sand beaches of Florida’s Emerald Coast. Sprawling more than 13 acres in Panama City Beach, the new Margaritaville Beach Resort will feature a full-service hotel, innovative amenity park, function space, several signature Margaritaville food and beverage concepts, retail, residential properties for sale and more. The resort is expected to begin a phased opening in Spring 2021.

“Panama City Beach is one of the most beautiful beaches in the world and we are excited to share this news and help bring positive energy back to the destination. We are hopeful that this will help boost the area’s revitalization efforts,” said Jason Alley, chief financial officer of Premier Development Group. “We are thrilled to partner with Margaritaville, creating a one-of-a-kind destination where people will be able to vacation, live, visit and most importantly, have fun!”

The hotel at Margaritaville Beach Resort, Panama City Beach will feature Margaritaville’s signature casual-luxe design, with a refreshing color palette inspired by the local area and natural surroundings. Each guestroom will offer scenic views and flexible sleeping options, perfect for couples and families. The centerpiece of the resort will be a unique two-acre amenity park featuring multiple pools, private cabanas, a lazy river, water slides and a kid’s splash play area – everything needed to be transported into a Margaritaville state of mind. The property will also feature several function spaces equipped to accommodate social and corporate groups.

“The Florida panhandle is near and dear to our hearts, and this resort is a natural progression of our presence in the region,” said John Cohlan, chief executive officer of Margaritaville.“We can’t wait to welcome travelers from around the world, as well as future owners, to a place where sand, sun, water and fun come together to capture the essence of the Margaritaville lifestyle.”

Both Margaritaville and Premier Development Group have been actively involved in relief efforts following Hurricane Michael’s devastating impact to the area. They have assisted with setting up drop off locations for supplies, finding temporary housing for those that were displaced, clearing roads right after the storm, tarping roofs and delivering supplies such as food, water, generators, gas and clothing.

Additional details and timing for the development will be announced in the coming months.

To sign up to receive future resort updates, visit www.MargaritavillePanamaCityBeachResort.com. For more information on Premier Development Group, visitwww.PremierDevGroup.com. For more information on Margaritaville, visit www.Margaritaville.comFollow Margaritaville on Facebook at www.facebook.com/margaritaville, and on Twitter and Instagram at @Margaritaville.

Editor’s Note: A selection of images can be downloaded here: https://www.dropbox.com/sh/58ebawrnxa3u04b/AACA7aGuQ_6GahBnOb2bJUEUa?dl=0.

 

About Premier Development Group

Premier Development Group (PDG) is a full-service real estate development firm located in Destin, Florida. Formed through the merger of JGM Development Company and The Premier Property Group, PDG has emerged as the market leader in the acquisition, planning, development and the sales and marketing of resort and residential properties along Florida’s Gulf Coast.

The leadership team at PDG has over 100 years of experience in the development, management and sales of resort and residential real estate. Collectively, they have overseen more than $2.5 billion in development activity and are responsible for the development and/or redevelopment of over 2,000 condominium units, over 400 hotel rooms, three golf courses and thousands of single-family homes.

PDG is a wholly-owned subsidiary of The Premier Group, which also owns The Premier Property Group. With offices strategically located in Destin, WaterColor, Seacrest Beach and Niceville, The Premier Property Group’s 110 sales agents combined for $500 million in sales in 2017, making it the top independent real estate sales firm in the area. In addition, a member of The Premier Group’s leadership team owns Parks Realty, the number one brokerage company in Nashville, Tennessee, with over 800 agents and $2 billion in annual sales.

About Margaritaville
Margaritaville is a global lifestyle brand inspired by the lyrics and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation.

Margaritaville features 15 lodging locations with more than 20 additional projects in the pipeline, three gaming properties and over 60 food and beverage venues including signature concepts such as Margaritaville Restaurant, award-winning JWB Prime Steak and Seafood, 5 o’Clock Somewhere Bar & Grill and LandShark Bar & Grill. More than 20 million travelers every year change their latitude and attitude with a visit to a Margaritaville resort, residential real estate destination, vacation club, vacation home rental or restaurant.

Consumers can also escape everyday through a collection of Margaritaville lifestyle products including apparel, footwear, frozen concoction makers, home décor, a satellite radio station and more. Additionally, the brand’s food, beverage and spirits lines – including Margaritaville tequilas, rums, LandShark Lager and a new bestselling cookbook – deliver authentic, tropical escapism to fans around the world. Margaritaville, a state of mind since 1977.

Media Contacts:

Samantha Jacobs or Kayla Louttit

Hemsworth Communications (for Margaritaville)

954-716-7614 / Margaritaville@HemsworthCommunications.com

Hemsworth Communications

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