Several investors groups pooled their resources to buy Georgia’s Sea Island resort, which entered bankruptcy in August, for $224.4 million, according to a report in the Atlanta Journal-Constitution.
The resort, which includes the Cloisters and Lodge hotels and four golf courses, had claimed more than $1 billion in debt when filing for bankruptcy.
The investors are a coalition of Oaktree Capital Management, Avenue Capital Group, Starwood Capital and Anschutz Corp.
