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Story Hospitality Crew Acquires One Ocean Resort & Spa

DENVER, Colorado—Story Hospitality Crew supplied that Story Investments entered accurate into a joint finishing up agreement with Factor Precise Estate Crew, Nook Lot, and Kelco Management and Pattern, closing on One Ocean Resort & Spa.

A resort in Atlantic Beach, Florida, One Ocean Resort & Spa is positioned over 3 acres of oceanfront proper property. The property advantages from its residence in Jacksonville Seashores. Story has dedicated to a total capital enchancment opinion, including an enhance to all guest-going through areas and a repositioning of the resort in 2025 led by Story Studio, the corporate’s graphic and interior assemble division. As section of the agreement, Story will oversee operations of the 193-room resort, the resort spa, and Azurea, the signature restaurant. The property can be section of Story’s Unbiased Assortment, joining a group of 18 resorts all over the country, including Lodge Van Zandt, The Crawford, Asbury Ocean Membership, and Shinola Lodge.  

“Rising our portfolio of unbiased, luxurious, and standard of living resorts is indubitably one of our main strategic needs in our quest to become The US’s accepted standard of living hospitality company, and One Ocean Resort & Spa is a substantial new addition as our first acquisition in Florida,” acknowledged Daniel del Olmo, president of Story Hospitality Crew. “We glance colossal probably on this market and are dedicated to thoughtfully elevating the property through a prime renovation in 2025. We couldn’t be more grateful to be partnering with Nook Lot, Kelco, and Factor on this tantalizing funding.” 

“Nook Lot is honored to help bring a simplest-in-class hospitality group in Story to the Northeast Florida misfortune. After our fresh success in partnership with Kelco on Downtown Jacksonville’s Home2Suites by Hilton, we are happy to transform indubitably one of Jacksonville’s most renowned sources, the dilapidated Sea Turtle Inn, into an international-famed destination resort,” acknowledged Nook Lot CEO Andy Allen. “Jacksonville is prepared for world-class hospitality and experiences. We are angry to be doing our section with this newly established partnership.”

Factor Precise Estate Crew is a private industrial proper property funding firm basically based in Jacksonville, Florida, and led by principals Alex Cranberg, Cathy Cranberg, and Tripp Gulliford. “Along with other dedicated native investors and two famed operating partners, we are happy to reclaim One Ocean, not accurate as a resort, nonetheless as a cherished neighborhood gem. With unwavering commitment, we are in a position to additional elevate this beachfront resort guaranteeing it stays a insist the place we all adore to assemble, play, and dine,” acknowledged Alex and Cathy Cranberg, of Factor Holdings.

Between Amelia Island, Ponte Vedra and St. Augustine, One Ocean Resort & Spa is an oceanfront destination. The 193 guestrooms replicate the oceanfront environment, with custom beds and layouts, different which offer inner most balconies.  Guests can locate Atlantic Beach or the Seashores City Center. The Spa at One Ocean provides a form of therapies including massages, wraps, facials, and more.

As section of the transition, the group at Story Restaurant Ideas will oversee all food and beverage operations at One Ocean Resort. This entails the signature restaurant Azurea, with a seafood-centered menu, as well to the Lobby Coffee and Wine Bar, poolside dining, in-room dining, and events. One Ocean Resort has more than 10,000 sq. feet of tournament insist, including outside areas.

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