6 Mar 2012
Longboat Key, FL (March 6, 2012) - On February 29, 2012, RVA, Resort Vacation Accommodations (formerly ResortQuest Southwest Florida) closed on an asset purchase of Cedars Tennis Resort operations on Longboat Key, formerly owned and managed by Barrier Island Realty, Inc. This purchase includes: Rental Management, Real Estate sales, tennis and health club facilities and the Cedars Bar and Grill operations.
Cedars Resort features tri-level rental townhouses with one-, two- or three-bedroom units. Each townhouse in this village-like resort is complete with a fully equipped kitchen that includes a full breakfast bar and spacious living and dining areas. Cedars Resort Tennis Club offers 10 Har-Tru tennis courts and Pro shop, fitness center, a junior Olympic swimming pool with Tiki bar, restaurant, fishing pier that overlooks Sarasota Bay, along with bicycle and kayak rentals.
"RVA, Resort Vacation Accommodations is excited about the acquisition and the prospects of what it will bring in terms of variety and added amenities to our existing portfolio of vacation rentals and services. We look forward to continuing the high levels of service that guests, owners and members have come to expect from Cedars Resort and RVA," said Larry Starr, CEO and owner of RVA. "We look forward to preserving the successful history and presence that this resort, tennis club and community has had on Longboat Key."
Cedars Bar & Grill offers a casual dining and tropical fun-filled experience. Whether enjoying a beverage at the Tiki bar, or the culinary delights of the restaurant, members, owners and guests will enjoy the relaxed atmosphere. Cedars Bar & Grill offers a full menu 7-days a week for breakfast, lunch and dinner.
"We are delighted to welcome the Cedars Bar & Grill to our portfolio and recognize the importance of adding these amenities to our existing operations. We look forward to expanding the current services and amenities that our guests, owners and club members' currently enjoy." said Trevor Hind, Vice President and COO of RVA.
In conjunction with the Cedars Tennis Resort acquisition, RVA announced the purchase of Barrier Island Realty Inc. located at 7000 Gulf of Mexico Drive. This full service real estate and rental operation boasts one of Longboat Key's most knowledgeable team of professionals. Barrier Island Realty holds one of the most prominent commercial locations on Longboat Key.
"The addition of this operation will provide the opportunity for us to offer a complete array of residential and commercial real estate services from our Longboat Key locations," said Tony Veldkamp, Broker and Managing Director of Sperry Van Ness® Commercial Advisory Group, who will oversee the Barrier Island Realty operations.
"We believe the power of this coalition exemplifies the wide range of experience and services that we can provide. We have truly become the one-stop-shop for the vacationing guest and real estate consumer in our marketplace," added Trevor Hind, Vice President and COO of RVA.
When referring to the recent transaction, former owner of Barrier Island Realty Inc., Randy Langley said, "We are confident that we identified the right company to serve as successor and we are equally excited at the prospects of what RVA and Sperry Van Ness will bring in terms of business development. I believe that the expertise and quality of service that RVA and Sperry Van Ness offer will not only further enhance the reputation and previous success of the Barrier Island Realty operation, but also will take the business to the next level in terms of service, expertise and market prominence."
This acquisition expands the current services and amenities offered by RVA and its affiliate companies, Property One Annual Rentals (P1A), Sperry Van Ness® Commercial Advisory Group (SVN) and Realty One Florida (R1F), adding a new layer of residential real estate through Barrier Island Realty.
To inquire or make reservations for Cedars Resort & Tennis Club, 645 Cedars Court, Longboat Key, FL, call 941-383-4621 or 800-237-9505 or visit www.cedarstennisresort.comor www.rvafl.com and for Real Estate services contact www.barrierislandrealty.com, www.suncoastsvn.com or www.svn.com.
RVA, Resort Vacation Accommodations, is one of the nation's leading vacation rental companies in Southwest Florida. RVA is the largest management company of vacation condominiums, homes and resort-style properties on Florida's west coast, based on a portfolio of over 500 units. The Southwest Florida inventory includes premier beach destinations such as: Anna Maria Island, Bradenton, Longboat Key, Lido Key, Sarasota, Siesta Key and Casey Key.
SVN is one of the largest and fastest-growing commercial real estate brokerage franchisors in the industry, with more than 1,000 advisors and staff serving more than 150 markets. SVN affiliates deliver results for clients through a proven business model that immediately markets every one of its clients' properties to the entire brokerage community as well as its own investor data base. The organization provides brokerage, tenant representation, consultation, asset management, property management, and leasing, accelerated marketing and auction services. For more information visit our website www.suncoastsvn.comor www.svn.com.