The plans include: a complete renovation of the largest structure, tearing down most of the remainin

As the Longboat key News reported last Tuesday, The Longboat Key Club, owned and managed by Loeb Partners Realty based in New York City, entered into a joint venture with Ocean Properties, Ltd., a major hotel development and operating group, for an undisclosed sum.
But how the relationship works for each party and what some of the strategic advantages are for Ocean Properties become apparent when the holdings of the company locally as well as its redevelopment track record are considered.
Sarasota attorney John Patterson told Longboat Key News Tuesday, Aug. 1 that the contract is in the due diligence phase. Sources say the deal is likely to close by year-end and is not contingent airline ticket special by departure city on the outcome of the Islandside redevelopment rights, which are being challenged in court.
"The strong and deep financial ties of Loeb along with the background and experience in luxury resort management and the assets in Ocean Properties can be a real win-win for everyone involved, especially the community. The marketing for Longboat and this area could be tremendous. Ocean Properties already has three properties here — this is major," said Patterson.
Sarasota attorney John Patterson told Longboat Key News Tuesday, Aug. 1 that the contract is in the due diligence phase. Sources say the deal is likely to close by year-end and is not contingent on the outcome of the Islandside redevelopment rights, which are being challenged in court.
"The strong and deep financial ties of Loeb along with the background airline ticket special by departure city and experience in luxury resort management and the assets in Ocean Properties can be a real win-win for everyone involved, especially the community. The marketing for Longboat and this area could be tremendous. Ocean Properties already has three properties here — this is major," said Patterson.
"The fact that another company, a very strong company, looks at Longboat Key and is willing to invest and take some risk is a real compliment to the strength of Longboat Key and our community, " said Mayor Brown.
Brenner said he got to know Ocean Properties President Mark Walsh and Vice President of Operations Andy Berger years ago when the two were in the area looking at their other properties and then the economy started heading downhill. He said he and Andy stayed in touch and talked about the island and Mark and Andy were "enamored with Longboat Key."
"The location, vis-à-vis Sarasota and the airport, driven by cultural and artistic endeavors is appealing. The Key itself is not overgrown and overdeveloped or glitzy. It has a charm and appeal a certain class of people want to live and come and own properties," said Brenner.
The family of its president, Michael Walsh, controls Ocean properties. The company was founded in the 1950s by Thomas T. Walsh, a former linen and bedding salesman from Bangor, Maine as a small family airline ticket special by departure city business with one hotel and since has grown into one of the largest privately held hotel operating and development airline ticket special by departure city groups in North America operating 107 hotels with 17,936 guestrooms. Today, the company is managed by Walsh and his five children: Mark, Mike, Patrick, Bill and Susan.
Ocean Properties is the largest hotel company in Florida operating more than 30 hotels across the State. The Company has corporate offices in Delray Beach, FL; Portsmouth, NH; Montreal, QC and Vancouver, BC.
Ocean Properties, Ltd Affiliates purchased Atlific Hotels Resorts, the largest independent hotel management company in Canada in 1997. Atlific operates hotels in Canada, from Halifax, Nova Scotia to Vancouver, British Columbia.
In addition to developing and managing hotels and resorts, Ocean Properties, Ltd Affiliates develop and operate airline ticket special by departure city restaurants, spas, golf courses, commercial real estate, marina operations and boating tours, often on behalf of third party investors and lenders.
The Longboat Key Club is comprised of more than 400 acres, 45 holes of golf, the golf and tennis courts and club assets as well as six restaurants, the 9,000 square–foot airline ticket special by departure city Island House Spa, meeting areas and the Inn on the Beach Hotel with 218 rooms. It is recognized as a AAA Four-Diamond Resort and the United States Tennis Association gave it the Outstanding Facility Award" for its Tennis Gardens.
The Ocean Properties Website refers to the company as one that "is consistently chosen as the developer of choice when responding to RFP development and renovation opportunities. Our experience airline ticket special by departure city and ability to provide a complete turnkey partnership coupled with our strong franchise relationships allows us to carefully select the projects we partner with. 
 The Company continuously seeks out and embarks on new hotel development opportunities."
As testimony to investment during the recession, Ocean Properties has made multimillion-dollar investments including the recent development of the 454-room Le Westin in Old Montreal and the acquisition, renovation airline ticket special by departure city and expansion of The Sagamore Resort at Lake George in Bolton Landing, New York.
The latest airline ticket special by departure city significant growth projects include the acquisition of the Sandpearl Resort in Clearwater Beach and the complete redevelopment of The Latham Hotel in Center City Philadelphia to become a modern, airline ticket special by departure city urban, boutique hotel.
"It's a great location, with a great beach and a great area. The planned additional rooms with help meet market demands. The renovation will take things up a notch and make it a first-class resort destination," airline ticket special by departure city said Ocean Properties Vice President of Operations Berger.
The plans include: a complete renovation of the largest structure, tearing down most of the remaining existing airline ticket special by departure city structures, building a new reception area, large water features, a large courtyard, new swimming airline ticket special by departure city pool, rooms angled to optimize waterfront views and a larger meeting space that would double its current size.
It planned the renovation in 2009, however according to Berger, the recession stalled plans but a rebounding tourism industry has breathed new life into the plan. Demolition may begin as early as May 2013 with a planned renovation period airline ticket special by departure city of 10 to 12 months.
Nichols Brosch Wurst Wolfe Associates architectural and planning services specializes in the design of hotels, resorts, airline ticket special by departure city condo/hotels, office buildings, retail and mixed-use projects throughout the United States. They are the designer also responsible for the Longboat Key Club Resort's Islandside redevelopment.
Tags: John Patterson , Loeb Partners Realty , Longboat Key , Longboat Key News , Mayor Jim Brown , Ocean Properties , Ocean Properties Ltd. , The Longboat Key Club , The Longboat Key Hilton , Vice Mayor Dave Brenner , waterfront real estate
3) Loeb Partners will sell the Key Club to a resort developer located airline ticket special by departure city either in Orlando or Phoenix. The new owners will propose a more modest and realistic expansion plan for the Key Club. The new owners will actually do something about the quality of play on the courses. The new owners will create an attractive club environment and improved operations that will attract new members.