South Street Partners, a private equity real estate investment firm headquartered in Charlotte and Charleston, and TPG Real Estate, the real estate platform of TPG, have formed a joint venture to acquire The King and Prince Beach & Golf Resort, a beachfront resort in coastal Georgia’s Golden Isles.
Located on St. Simons Island, the 142-key resort campus spans nearly six acres with direct beach access and amenities that include bars and restaurants, resort style swimming pools and sport courts. South Street and TPG Real Estate are acquiring the resort and golf club from MMI Hospitality Group. The King and Prince will continue to be operated by MMI Hotel Group, their management division. The JV will focus on driving the resort’s and the club’s offerings, with plans for a renovation to rooms and common spaces.