The Dolphin Beach Resort, a celebrated landmark on St. Pete Beach, has been sold for the first time in over four decades. This iconic 173-room resort, situated on the stunning Gulf-front of America’s top-rated beach, as recognized by TripAdvisor, marks a significant acquisition in the St. Pete Beach hospitality market. The transaction, finalized by THE PLASENCIA GROUP, sees Dolphin Holdings Limited, Inc. passing ownership to SCG Beach Hospitality, LLC, under the leadership of Bryan Glazer.
For over forty years, Dolphin Holdings Limited, Inc. has been the proud owner of the Dolphin Beach Resort St Pete, firmly believing in the enduring appeal of St. Pete Beach as a premier destination. Nizar Lakhani, president of Dolphin Holdings Limited, expressed confidence in the new ownership, stating, “We are pleased to be passing on the keys to the resort to Shanna and Bryan Glazer, a well-respected local family who we know will be great stewards.” This change in ownership signals an exciting new chapter for the beloved dolphin beach resort st pete.
Bryan Glazer of SCG Beach Hospitality conveyed enthusiasm for the acquisition, highlighting the potential of the dolphin beach resort st pete and the St. Pete Beach area. “St. Pete Beach is the #1 beach in the United States, and we think that the future will only get better for the area. We look forward to maximizing the potential that we believe the Dolphin Beach Resort offers,” he stated. This purchase represents their second major resort investment in the region, following The Vinoy Resort & Golf Club in Downtown St. Petersburg, currently undergoing extensive renovations. Plans are already underway to renovate the dolphin beach resort st pete, further enhancing its appeal as a top-tier destination.
The sale was expertly facilitated by Nick Plasencia and Chris Plasencia of The Plasencia Group, renowned for their successful hospitality transactions throughout Florida. In the past year alone, they have managed the sale and financing of over 2,500 rooms across Florida’s dynamic lodging markets.
Nick Plasencia commented on the significance of the deal, noting, “The dolphin beach resort st pete enjoys pride of place at the heart of St. Pete Beach, one of the nation’s most attractive lodging destinations. We look forward to seeing what the Glazers have in store for this generational resort.” The acquisition of the dolphin beach resort st pete comes at a time of robust growth for Florida’s major metro areas, including Tampa Bay, driven by a favorable business climate, attractive cost of living, and expanding employment opportunities, making it an opportune moment for investment in the Sunshine State’s thriving hospitality sector.
About The Plasencia Group
The Plasencia Group is a leading lodging investment advisory firm, offering comprehensive services to hotel and resort owners across North America, including transaction services, capital markets, asset management, and development management consulting. Established in 1993, the firm has a proven track record of orchestrating some of the most significant transactions in the North American hospitality industry.
